Roblox Co. (NYSE:RBLX - Get Free Report) Director Christopher Carvalho sold 12,986 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.57, for a total transaction of $825,520.02. Following the completion of the transaction, the director now owns 982,412 shares of the company's stock, valued at $62,451,930.84. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Roblox Stock Down 2.3 %
Shares of NYSE:RBLX traded down $1.33 during trading on Friday, reaching $57.24. 11,385,225 shares of the stock traded hands, compared to its average volume of 7,565,890. The stock has a 50-day moving average of $64.23 and a two-hundred day moving average of $53.99. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. 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 has a market cap of $35.43 billion, a P/E ratio of -39.48 and a beta of 1.49.
Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently issued reports on RBLX shares. CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an "outperform" rating for the company. HSBC began coverage on shares of Roblox in a research report on Thursday, December 12th. They set a "buy" rating and a $63.00 price target for the company. Piper Sandler restated an "overweight" rating and set a $72.00 price target (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Wells Fargo & Company upped their price target on shares of Roblox from $58.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Finally, Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.19.
View Our Latest Stock Report on RBLX
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC raised its position in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc raised its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd raised its position in shares of Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the period. Colonial Trust Co SC bought a new stake in shares of Roblox during the 4th quarter valued at $41,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the period. 94.46% of the stock is currently owned by institutional investors.
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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