Roblox Corporation (NYSE:RBLX - Get Free Report) Director Christopher Carvalho sold 64,925 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $100.08, for a total value of $6,497,694.00. Following the transaction, the director now directly owns 986,913 shares in the company, valued at $98,770,253.04. The trade was a 6.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Christopher Carvalho also recently made the following trade(s):
- On Monday, June 2nd, Christopher Carvalho sold 12,985 shares of Roblox stock. The shares were sold at an average price of $89.25, for a total value of $1,158,911.25.
- On Monday, May 5th, Christopher Carvalho sold 12,985 shares of Roblox stock. The shares were sold at an average price of $72.16, for a total value of $936,997.60.
Roblox Trading Up 1.5%
Shares of RBLX traded up $1.49 during midday trading on Thursday, reaching $102.61. The stock had a trading volume of 8,859,718 shares, compared to its average volume of 7,954,399. Roblox Corporation has a 52 week low of $34.62 and a 52 week high of $103.03. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The firm's 50 day moving average price is $77.75 and its 200-day moving average price is $66.88.
Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. Roblox's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) earnings per share. On average, equities analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.
Institutional Trading of Roblox
Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Roblox during the 1st quarter worth about $836,000. Acadian Asset Management LLC grew its position in Roblox by 10.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,405,813 shares of the company's stock worth $81,921,000 after acquiring an additional 132,051 shares during the last quarter. IFM Investors Pty Ltd grew its position in Roblox by 1.0% during the 1st quarter. IFM Investors Pty Ltd now owns 86,755 shares of the company's stock worth $5,057,000 after acquiring an additional 817 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in Roblox during the 1st quarter worth approximately $728,000. Finally, Fortis Capital Advisors LLC acquired a new position in Roblox during the 1st quarter worth $728,000. Institutional investors and hedge funds own 94.46% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on RBLX shares. Wedbush restated a "hold" rating on shares of Roblox in a research report on Monday. Canaccord Genuity Group increased their price target on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Bank of America raised their price objective on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Morgan Stanley reduced their price objective on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Needham & Company LLC reissued a "buy" rating on shares of Roblox in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average target price of $78.04.
Read Our Latest Research Report on RBLX
About Roblox
(
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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.
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