Roblox Co. (NYSE:RBLX) CFO Sells $154,969.43 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 3,443 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $45.01, for a total value of $154,969.43. Following the sale, the chief financial officer now owns 352,844 shares of the company’s stock, valued at approximately $15,881,508.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 20th, Michael Guthrie sold 21,789 shares of Roblox stock. The stock was sold at an average price of $40.35, for a total transaction of $879,186.15.
• On Wednesday, August 14th, Michael Guthrie sold 30,000 shares of Roblox stock. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00.
• On Friday, July 5th, Michael Guthrie sold 30,000 shares of Roblox stock. The shares were sold at an average price of $37.82, for a total transaction of $1,134,600.00.

Roblox Price Performance

Shares of NYSE RBLX opened at $45.87 on Monday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The firm has a market capitalization of $27.12 billion, a P/E ratio of -24.66 and a beta of 1.60. The company’s fifty day moving average is $41.20 and its two-hundred day moving average is $38.14.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same period in the prior year, the business posted ($0.46) earnings per share. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. Analysts forecast that Roblox Co. will post -1.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their target price on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 price target on shares of Roblox in a research report on Tuesday, July 30th. Finally, Benchmark raised their price objective on shares of Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.40.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently bought and sold shares of RBLX. DekaBank Deutsche Girozentrale grew its holdings in Roblox by 2.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after purchasing an additional 1,419 shares during the last quarter. Kodai Capital Management LP acquired a new stake in Roblox in the 4th quarter valued at about $6,805,000. SteelPeak Wealth LLC increased its holdings in Roblox by 41.4% during the 1st quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock valued at $423,000 after acquiring an additional 3,247 shares in the last quarter. Sei Investments Co. raised its position in Roblox by 18.3% during the first quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after acquiring an additional 44,557 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Roblox by 319.6% in the first quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock valued at $1,075,000 after purchasing an additional 21,533 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

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.