Insider Selling: Roblox Co. (NYSE:RBLX) CAO Sells 3,601 Shares of Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 3,601 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the sale, the chief accounting officer now owns 81,407 shares of the company’s stock, valued at $4,014,993.24. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Amy Marie Rawlings also recently made the following trade(s):

• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The stock was sold at an average price of $52.90, for a total value of $115,639.40.
• On Wednesday, August 28th, Amy Marie Rawlings sold 12,258 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total value of $540,455.22.

Roblox Stock Performance

Shares of Roblox stock traded down $0.10 during mid-day trading on Tuesday, hitting $49.06. 6,918,249 shares of the stock were exchanged, compared to its average volume of 7,633,297. The company has a 50-day simple moving average of $46.13 and a 200 day simple moving average of $41.22. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $55.10. The company has a market capitalization of $29.81 billion, a P/E ratio of -29.91 and a beta of 1.56.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted ($0.45) EPS. Roblox’s quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roblox

Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in Roblox by 31.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock valued at $106,000 after buying an additional 672 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Roblox by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,737,657 shares of the company’s stock valued at $180,885,000 after buying an additional 65,191 shares in the last quarter. Janus Henderson Group PLC grew its stake in Roblox by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock valued at $1,890,000 after buying an additional 9,159 shares in the last quarter. California State Teachers Retirement System grew its stake in Roblox by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 669,967 shares of the company’s stock valued at $25,579,000 after buying an additional 5,621 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its stake in Roblox by 10.8% in the 1st quarter. Motley Fool Asset Management LLC now owns 18,636 shares of the company’s stock valued at $712,000 after buying an additional 1,812 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Canaccord Genuity Group raised their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BTIG Research raised their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Raymond James restated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research note on Friday. Finally, Macquarie raised their target price on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $55.30.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.