Amy Marie Rawlings Sells 5,879 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 5,879 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Amy Marie Rawlings also recently made the following trade(s):

• On Friday, November 22nd, Amy Marie Rawlings sold 3,601 shares of Roblox stock. The shares were sold at an average price of $49.32, for a total value of $177,601.32.
• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The shares were sold at an average price of $52.90, for a total value of $115,639.40.

Roblox Trading Down 0.2 %

Shares of RBLX stock opened at $65.98 on Thursday. The company has a market capitalization of $40.09 billion, a P/E ratio of -40.23 and a beta of 1.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The business’s 50 day moving average is $57.83 and its two-hundred day moving average is $48.21. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $66.86.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted ($0.45) EPS. Roblox’s quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

Institutional Investors Weigh In On Roblox

A number of hedge funds have recently added to or reduced their stakes in RBLX. Simon Quick Advisors LLC increased its position in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the period. Versant Capital Management Inc boosted its stake in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. Impact Partnership Wealth LLC grew its holdings in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after acquiring an additional 245 shares during the period. GAMMA Investing LLC raised its position in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Benchmark raised their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays boosted their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Raymond James restated a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.48.

About Roblox

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.