Roblox Co. (NYSE:RBLX) CFO Michael Guthrie Sells 30,000 Shares

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Monday, October 7th. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the sale, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at approximately $14,643,026. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, September 11th, Michael Guthrie sold 3,443 shares of Roblox stock. The stock was sold at an average price of $45.01, for a total transaction of $154,969.43.
• 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 stock was sold at an average price of $38.82, for a total value of $1,164,600.00.

Roblox Stock Performance

Shares of RBLX traded up $1.21 on Wednesday, reaching $41.72. 10,686,705 shares of the company’s stock traded hands, compared to its average volume of 7,344,477. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $48.43. The stock has a market cap of $24.67 billion, a PE ratio of -22.31 and a beta of 1.60. The stock’s 50 day simple moving average is $42.61 and its two-hundred day simple moving average is $38.76. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04.

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

Hedge Funds Weigh In On Roblox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LifePro Asset Management purchased a new position in shares of Roblox in the third quarter worth $1,716,000. Perpetual Ltd bought a new position in shares of Roblox in the 3rd quarter worth approximately $1,273,000. Wedmont Private Capital bought a new stake in shares of Roblox during the third quarter valued at approximately $493,000. CWM LLC lifted its position in Roblox by 61.7% during the third quarter. CWM LLC now owns 74,221 shares of the company’s stock valued at $3,285,000 after buying an additional 28,329 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Roblox during the 3rd quarter valued at $61,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RBLX shares. Wells Fargo & Company increased their price objective on shares of Roblox from $46.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays boosted their price target on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a report on Tuesday, July 30th. Benchmark raised their target price on shares of Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Roth Mkm upped their target price on Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.14.

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.