Roblox Co. (NYSE:RBLX) CAO Sells $89,696.64 in Stock

Roblox Co. (NYSE:RBLXGet Rating) CAO Amy Marie Rawlings sold 2,976 shares of Roblox stock in a transaction on Monday, November 21st. The stock was sold at an average price of $30.14, for a total value of $89,696.64. Following the transaction, the chief accounting officer now owns 93,923 shares in the company, valued at approximately $2,830,839.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Roblox Stock Performance

Shares of Roblox stock traded up $1.16 during trading hours on Thursday, hitting $32.00. 11,847,939 shares of the company were exchanged, compared to its average volume of 15,883,576. Roblox Co. has a 1 year low of $21.65 and a 1 year high of $137.71. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.33. The business has a 50-day moving average of $38.20 and a 200-day moving average of $37.53. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of -24.24 and a beta of 1.87.

Institutional Investors Weigh In On Roblox

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Roblox by 29.2% during the third quarter. Vanguard Group Inc. now owns 28,303,428 shares of the company’s stock worth $1,014,396,000 after purchasing an additional 6,396,902 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Roblox by 41.4% during the third quarter. Baillie Gifford & Co. now owns 20,906,989 shares of the company’s stock worth $749,306,000 after purchasing an additional 6,123,973 shares during the last quarter. BlackRock Inc. grew its holdings in Roblox by 46.2% during the third quarter. BlackRock Inc. now owns 18,567,578 shares of the company’s stock worth $665,464,000 after acquiring an additional 5,870,164 shares during the period. Renaissance Technologies LLC grew its holdings in Roblox by 161.0% during the second quarter. Renaissance Technologies LLC now owns 11,580,582 shares of the company’s stock worth $380,538,000 after acquiring an additional 7,143,300 shares during the period. Finally, ARK Investment Management LLC grew its holdings in Roblox by 14.4% during the third quarter. ARK Investment Management LLC now owns 8,474,696 shares of the company’s stock worth $303,733,000 after acquiring an additional 1,069,592 shares during the period. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the topic of several analyst reports. Cowen reduced their price target on Roblox to $27.00 in a report on Tuesday, November 15th. Truist Financial lifted their target price on Roblox from $29.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, August 9th. Stifel Nicolaus dropped their target price on Roblox from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, October 18th. DA Davidson dropped their target price on Roblox from $55.00 to $50.00 in a research report on Thursday, November 10th. Finally, BTIG Research dropped their target price on Roblox from $58.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, October 13th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.96.

About Roblox

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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