Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 6,054 Shares

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 6,054 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $311,357.22. Following the transaction, the chief accounting officer now directly owns 85,008 shares of the company’s stock, valued at approximately $4,371,961.44. This trade represents a 6.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction of $115,639.40.
• On Wednesday, August 28th, Amy Marie Rawlings sold 12,258 shares of Roblox stock. The shares were sold at an average price of $44.09, for a total value of $540,455.22.

Roblox Price Performance

Roblox stock opened at $49.38 on Friday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10. The stock has a 50-day simple moving average of $46.00 and a 200-day simple moving average of $40.94.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.45) earnings per share. As a group, research analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RBLX shares. Citigroup boosted their price objective on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barclays raised their price objective on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Macquarie raised their price target on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.30.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Impact Partnership Wealth LLC lifted its holdings in shares of Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after purchasing an additional 245 shares during the period. Swedbank AB raised its position in Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after buying an additional 285 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Roblox by 5.0% in the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock worth $266,000 after acquiring an additional 288 shares during the period. Thrive Wealth Management LLC boosted its holdings in shares of Roblox by 4.3% in the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after acquiring an additional 300 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Roblox by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after acquiring an additional 321 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Roblox Company Profile

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.