Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells 40,000 Shares of Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 40,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $52.07, for a total value of $2,082,800.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares in the company, valued at approximately $18,372,587.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Guthrie also recently made the following trade(s):

• On Thursday, October 31st, Michael Guthrie sold 10,000 shares of Roblox stock. The shares were sold at an average price of $49.44, for a total value of $494,400.00.
• On Monday, October 7th, Michael Guthrie sold 30,000 shares of Roblox stock. The shares were sold at an average price of $41.50, for a total transaction of $1,245,000.00.
• On Wednesday, September 11th, Michael Guthrie sold 3,443 shares of Roblox stock. The shares were sold at an average price of $45.01, for a total transaction of $154,969.43.

Roblox Trading Down 4.2 %

Shares of RBLX stock opened at $49.34 on Friday. The firm has a fifty day moving average of $45.93 and a 200-day moving average of $40.88. The stock has a market cap of $29.97 billion, a price-to-earnings ratio of -30.08 and a beta of 1.56. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10. 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 (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company earned ($0.45) earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of several analyst reports. Barclays increased their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Morgan Stanley raised Roblox from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Benchmark upped their target price on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, BTIG Research raised their target price on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Institutional Trading of Roblox

Several institutional investors have recently bought and sold shares of RBLX. ValueAct Holdings L.P. raised its stake in Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after acquiring an additional 7,835,921 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after purchasing an additional 4,818,022 shares during the last quarter. FMR LLC increased its position in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares in the last quarter. Dragoneer Investment Group LLC lifted its holdings in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in Roblox in the third quarter valued at about $107,491,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

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.