Michael Guthrie Sells 50,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the sale, the chief financial officer now owns 395,465 shares in the company, valued at $23,783,265.10. This represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, February 24th, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $61.14, for a total transaction of $3,057,000.00.
• On Thursday, February 20th, Michael Guthrie sold 21,614 shares of Roblox stock. The stock was sold at an average price of $61.34, for a total transaction of $1,325,802.76.
• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76.

Roblox Stock Down 2.3 %

RBLX opened at $57.24 on Friday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The firm has a 50 day moving average price of $64.28 and a 200 day moving average price of $53.79. The company has a market cap of $35.43 billion, a PE ratio of -39.48 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RBLX shares. Morgan Stanley boosted their price target on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. CICC Research began coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. Roth Mkm upped their target price on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, January 27th. The Goldman Sachs Group lifted their price target on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Barclays cut their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average price target of $64.19.

Institutional Trading of Roblox

Several large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in Roblox by 94.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock valued at $815,000 after purchasing an additional 8,939 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Roblox by 724.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 804,488 shares of the company’s stock valued at $35,607,000 after acquiring an additional 706,939 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Roblox by 8.4% during the third quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company’s stock valued at $1,667,000 after acquiring an additional 2,932 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Roblox by 308.2% during the third quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after acquiring an additional 137,267 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Roblox in the third quarter worth about $100,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.