Amy Marie Rawlings Sells 274 Shares of Roblox (NYSE:RBLX) Stock

Key Points

• Roblox CAO Amy Marie Rawlings sold 274 shares on May 26 at an average price of $48.00, totaling $13,152. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and she still owned 34,964 shares afterward.
• Rawlings also sold 2,895 shares on May 20 for about $130,970, adding to recent insider selling activity at the company.
• Roblox recently announced a $3 billion stock buyback, while analysts maintain a cautious stance overall with a consensus rating of Hold and an average target price of $87.07.

Roblox Corporation (NYSE:RBLX - Get Free Report) CAO Amy Marie Rawlings sold 274 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $48.00, for a total value of $13,152.00. Following the transaction, the chief accounting officer owned 34,964 shares of the company's stock, valued at $1,678,272. This represents a 0.78% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 20th, Amy Marie Rawlings sold 2,895 shares of Roblox stock. The stock was sold at an average price of $45.24, for a total value of $130,969.80.

Roblox Price Performance

Roblox stock traded down $0.27 during mid-day trading on Wednesday, hitting $45.73. 8,337,519 shares of the company were exchanged, compared to its average volume of 11,916,750. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The business has a fifty day moving average of $53.19 and a 200 day moving average of $70.48. Roblox Corporation has a 1-year low of $40.15 and a 1-year high of $150.59. The company has a market capitalization of $30.71 billion, a PE ratio of -28.95 and a beta of 1.50.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company posted ($0.32) earnings per share. The business's revenue for the quarter was up 43.4% compared to the same quarter last year. As a group, sell-side analysts expect that Roblox Corporation will post -1.4 earnings per share for the current year.

Roblox announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 19th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 9.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Roblox

Large investors have recently added to or reduced their stakes in the business. National Pension Service raised its stake in Roblox by 7.3% in the 3rd quarter. National Pension Service now owns 1,697,820 shares of the company's stock valued at $235,182,000 after acquiring an additional 115,096 shares during the period. Cypress Wealth Services LLC bought a new stake in Roblox in the 4th quarter valued at $2,373,000. Yarbrough Capital LLC raised its stake in Roblox by 1,514.5% in the 4th quarter. Yarbrough Capital LLC now owns 57,331 shares of the company's stock valued at $4,646,000 after acquiring an additional 53,780 shares during the period. Triglav Investments D.O.O. bought a new stake in Roblox in the 3rd quarter valued at $3,186,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Roblox by 28.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,590 shares of the company's stock valued at $10,609,000 after acquiring an additional 16,915 shares during the period. Institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America lowered Roblox from a "buy" rating to a "neutral" rating and set a $48.00 target price for the company. in a research report on Friday, May 1st. Morgan Stanley restated an "overweight" rating and set a $62.00 target price on shares of Roblox in a research report on Friday, May 1st. Benchmark restated a "hold" rating on shares of Roblox in a research report on Monday, February 2nd. Weiss Ratings restated a "sell (e+)" rating on shares of Roblox in a research report on Friday, March 27th. Finally, Barclays decreased their target price on Roblox from $115.00 to $60.00 and set an "equal weight" rating for the company in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.07.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox's business model is built around its virtual economy and creator ecosystem.

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