Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells $2,082,800.00 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 40,000 shares of the business’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 owns 352,844 shares in the company, valued at approximately $18,372,587.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was 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 stock was 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 Stock Down 4.2 %

Shares of Roblox stock opened at $49.34 on Friday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The company has a market capitalization of $29.97 billion, a P/E ratio of -30.08 and a beta of 1.56. The business’s fifty day moving average price is $45.93 and its two-hundred day moving average price is $40.88. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.45) earnings per share. As a group, research analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. ValueAct Holdings L.P. lifted its position in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the period. Vanguard Group Inc. raised its stake 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 buying an additional 4,818,022 shares in the last quarter. FMR LLC lifted its holdings in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the period. Dragoneer Investment Group LLC boosted its stake in Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in Roblox during the third quarter worth about $107,491,000. 91.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent analyst reports. Roth Mkm upped their target price on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. increased their target price on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Canaccord Genuity Group boosted their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Finally, Raymond James boosted their target price on shares of Roblox from $51.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

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.