Roblox Co. (NYSE:RBLX - Get Free Report) CFO Michael Guthrie sold 50,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $91.55, for a total value of $4,577,500.00. Following the completion of the transaction, the chief financial officer now directly owns 492,266 shares in the company, valued at $45,066,952.30. This trade represents a 9.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael Guthrie also recently made the following trade(s):
- On Tuesday, May 20th, Michael Guthrie sold 24,168 shares of Roblox stock. The stock was sold at an average price of $80.66, for a total value of $1,949,390.88.
- On Monday, May 12th, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were sold at an average price of $71.77, for a total value of $3,588,500.00.
- On Thursday, April 3rd, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were sold at an average price of $58.79, for a total value of $2,939,500.00.
Roblox Stock Performance
NYSE RBLX traded up $0.29 during mid-day trading on Tuesday, reaching $93.71. 7,737,475 shares of the stock were exchanged, compared to its average volume of 7,883,527. Roblox Co. has a 1 year low of $34.41 and a 1 year high of $96.28. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The business's 50 day moving average is $71.61 and its 200-day moving average is $64.75. The company has a market capitalization of $63.56 billion, a P/E ratio of -64.63 and a beta of 1.56.
Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company's quarterly revenue was up 30.6% on a year-over-year basis. During the same period last year, the firm earned ($0.43) EPS. On average, equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.
Institutional Trading of Roblox
Several institutional investors have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after buying an additional 240 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Roblox in the first quarter valued at about $39,000. Colonial Trust Co SC acquired a new stake in Roblox in the 4th quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust raised its holdings in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.
Wall Street Analyst Weigh In
RBLX has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Roblox from $80.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, June 3rd. Wells Fargo & Company lifted their price target on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Bank of America upped 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. BMO Capital Markets reissued an "outperform" rating and set a $95.00 target price (up previously from $82.00) on shares of Roblox in a research report on Friday, May 30th. Finally, Barclays boosted their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.91.
Read Our Latest Stock Analysis on Roblox
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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