Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 4,468 Shares

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,468 shares of Roblox stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the sale, the chief accounting officer now owns 75,583 shares of the company’s stock, valued at approximately $4,636,261.22. This trade represents a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, January 16th, Amy Marie Rawlings sold 5,879 shares of Roblox stock. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00.

Roblox Trading Down 2.6 %

RBLX opened at $59.46 on Wednesday. The stock has a market capitalization of $36.81 billion, a PE ratio of -41.01 and a beta of 1.46. The firm’s fifty day moving average price is $63.99 and its 200 day moving average price is $52.89. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RBLX shares. Wedbush reissued an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Canaccord Genuity Group raised their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Raymond James reissued a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, HSBC initiated coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Institutional Trading of Roblox

A number of institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC raised its holdings in shares of Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after purchasing an additional 161 shares during the period. Rakuten Securities Inc. raised its holdings in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares during the period. Simon Quick Advisors LLC raised its holdings in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the period. 94.46% of the stock is 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.