Arvind Chakravarthy Sells 982 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX - Get Free Report) insider Arvind Chakravarthy sold 982 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the transaction, the insider now directly owns 204,261 shares of the company's stock, valued at $12,513,028.86. The trade was a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Roblox Stock Down 6.1 %

Shares of RBLX stock traded down $3.56 on Friday, hitting $55.01. The stock had a trading volume of 6,034,819 shares, compared to its average volume of 7,536,362. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The firm has a market capitalization of $34.05 billion, a price-to-earnings ratio of -38.17 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock's 50 day moving average is $64.28 and its 200-day moving average is $53.79.

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

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Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC grew its holdings in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after acquiring an additional 161 shares in the last quarter. Rakuten Securities Inc. grew its stake in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after buying an additional 217 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of 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 acquiring an additional 239 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on RBLX. Piper Sandler reaffirmed an "overweight" rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Citigroup upped their target price on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Morgan Stanley raised their price target on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Finally, Needham & Company LLC raised their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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.