Roblox Co. (NYSE:RBLX - Get Free Report) CFO Michael Guthrie sold 50,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the transaction, the chief financial officer now owns 395,465 shares in the company, valued at approximately $23,783,265.10. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Michael Guthrie also recently made the following trade(s):
- On Monday, February 24th, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were sold at an average price of $61.14, for a total transaction of $3,057,000.00.
- On Thursday, February 20th, Michael Guthrie sold 21,614 shares of Roblox stock. The shares were sold at an average price of $61.34, for a total transaction of $1,325,802.76.
- On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76.
Roblox Stock Performance
Shares of RBLX stock traded down $1.33 during trading on Friday, reaching $57.24. 11,385,225 shares of the company's stock traded hands, compared to its average volume of 7,565,890. The company has a market capitalization of $35.43 billion, a P/E ratio of -39.48 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm's 50-day moving average is $64.23 and its 200 day moving average is $54.07. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.
Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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%. Equities research analysts expect that Roblox Co. will post -1.49 EPS for the current year.
Institutional Trading of Roblox
A number of institutional investors have recently modified their holdings of RBLX. Frazier Financial Advisors LLC lifted its stake in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after buying an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Colonial Trust Co SC purchased a new stake in Roblox in the 4th quarter worth approximately $41,000. Finally, Parkside Financial Bank & Trust lifted its stake in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Wedbush reissued an "outperform" rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Finally, OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and an average target price of $64.19.
Read Our Latest Stock Report on RBLX
About Roblox
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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.
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