Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 2,186 Shares

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 2,186 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the sale, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amy Marie Rawlings also recently made the following trade(s):

• On Wednesday, August 28th, Amy Marie Rawlings sold 12,258 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total transaction of $540,455.22.
• On Tuesday, August 20th, Amy Marie Rawlings sold 4,933 shares of Roblox stock. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55.

Roblox Stock Up 3.3 %

RBLX opened at $52.86 on Thursday. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $53.07. The firm has a market cap of $32.12 billion, a price-to-earnings ratio of -32.23 and a beta of 1.56. The firm’s 50-day simple moving average is $43.93 and its 200-day simple moving average is $39.59. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current 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 company had revenue of $919.00 million during the quarter, compared to analyst estimates 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 revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.45) earnings per share. Equities research analysts anticipate that Roblox Co. will post -1.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Roth Mkm boosted their target price on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Needham & Company LLC increased their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wolfe Research began coverage on shares of Roblox in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Seven equities research 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, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Institutional Trading of Roblox

Several large investors have recently made changes to their positions in RBLX. V Square Quantitative Management LLC acquired a new position in Roblox during the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. PARK CIRCLE Co bought a new position in Roblox in the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox during the 2nd quarter worth $33,000. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings in Roblox by 102.4% during the 2nd 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. 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.