Roblox Co. (NYSE:RBLX - Get Free Report) CFO Michael Guthrie sold 26,154 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the sale, the chief financial officer now owns 417,079 shares in the company, valued at $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Michael Guthrie also recently made the following trade(s):
- On Thursday, December 5th, Michael Guthrie sold 100,000 shares of Roblox stock. The stock was sold at an average price of $55.92, for a total transaction of $5,592,000.00.
- On Wednesday, November 20th, Michael Guthrie sold 21,657 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction of $1,113,819.51.
- On Friday, November 15th, Michael Guthrie sold 40,000 shares of Roblox stock. The shares were sold at an average price of $52.07, for a total transaction of $2,082,800.00.
Roblox Price Performance
Shares of NYSE RBLX traded up $1.09 during trading hours on Friday, reaching $66.62. 6,355,233 shares of the stock traded hands, compared to its average volume of 9,327,394. 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 52-week low of $29.55 and a 52-week high of $75.74. The company's 50-day simple moving average is $63.45 and its two-hundred day simple moving average is $51.56.
Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. Equities analysts predict that Roblox Co. will post -1.4 EPS for the current fiscal year.
Hedge Funds Weigh In On Roblox
A number of large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new stake in shares of Roblox in the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC boosted its position in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of 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 purchasing an additional 230 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Wedbush reissued an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. CICC Research initiated coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an "outperform" rating for the company. HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They issued a "buy" rating and a $63.00 price target for the company. Canaccord Genuity Group boosted their target price on Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.19.
Check Out Our Latest Analysis on RBLX
Roblox Company Profile
(
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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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