Michael Guthrie Sells 40,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 40,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $52.07, for a total transaction of $2,082,800.00. Following the completion of the sale, the chief financial officer now owns 352,844 shares in the company, valued at $18,372,587.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale 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 shares were sold at an average price of $49.44, for a total transaction 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 Stock Down 1.4 %

Shares of NYSE:RBLX opened at $51.51 on Thursday. The company has a market cap of $31.29 billion, a price-to-earnings ratio of -31.41 and a beta of 1.56. The firm’s 50-day simple moving average is $45.85 and its 200-day simple moving average is $40.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million for 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 business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.45) earnings per share. As a group, equities research analysts predict that Roblox Co. will post -1.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RBLX shares. Wells Fargo & Company lifted their price target on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $65.00 in a research note on Monday, November 4th. The Goldman Sachs Group lifted their price target on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Benchmark lifted their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Roth Mkm lifted their price target on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. 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 company’s stock. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Institutional Trading of Roblox

A number of institutional investors have recently added to or reduced their stakes in RBLX. V Square Quantitative Management LLC purchased a new stake in Roblox during the third quarter worth about $27,000. Frazier Financial Advisors LLC boosted its holdings in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares in the last quarter. PARK CIRCLE Co purchased a new stake in Roblox during the second quarter worth about $30,000. Strategic Financial Concepts LLC purchased a new stake in Roblox during the second quarter worth about $33,000. Finally, Gilliland Jeter Wealth Management LLC boosted its holdings in Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 91.08% 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.