Michael Guthrie Sells 50,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX - Get Free Report) CFO Michael Guthrie sold 50,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $58.79, for a total value of $2,939,500.00. Following the completion of the sale, the chief financial officer now directly owns 516,434 shares in the company, valued at $30,361,154.86. This represents a 8.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, March 4th, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $60.14, for a total transaction of $3,007,000.00.
• On Monday, February 24th, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $61.14, for a total value of $3,057,000.00.
• On Thursday, February 20th, Michael Guthrie sold 21,614 shares of Roblox stock. The stock was sold at an average price of $61.34, for a total value of $1,325,802.76.
• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76.

Roblox Price Performance

RBLX traded up $1.16 during trading on Friday, reaching $57.28. 5,987,783 shares of the stock were exchanged, compared to its average volume of 7,867,395. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of -39.50 and a beta of 1.49. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The business's 50 day moving average price is $60.20 and its two-hundred day moving average price is $56.26.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank lifted its holdings in Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock valued at $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC lifted its stake in shares of Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after buying an additional 62,390 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Roblox during the fourth quarter worth approximately $363,000. Silicon Valley Capital Partners grew its stake in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after acquiring an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after acquiring an additional 1,971 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RBLX has been the subject of a number of research analyst reports. Citigroup upped their target price on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered their target price on shares of Roblox from $76.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Finally, Morgan Stanley increased their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.22.

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.