Roblox Co. (NYSE:RBLX) Director Andrea L. Wong Sells 5,276 Shares

Roblox Co. (NYSE:RBLX - Get Free Report) Director Andrea L. Wong sold 5,276 shares of Roblox stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $31.13, for a total transaction of $164,241.88. Following the transaction, the director now directly owns 26,319 shares in the company, valued at approximately $819,310.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Roblox Stock Performance

Shares of NYSE RBLX traded up $0.70 during mid-day trading on Tuesday, reaching $31.66. 10,738,421 shares of the company were exchanged, compared to its average volume of 8,320,223. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The stock has a market capitalization of $18.72 billion, a P/E ratio of -17.02 and a beta of 1.63. The company's 50-day simple moving average is $37.44 and its 200-day simple moving average is $39.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The business had revenue of $923.76 million for the quarter, compared to the consensus estimate of $918.85 million. During the same period in the prior year, the company posted ($0.44) earnings per share. Roblox's revenue was up 19.4% compared to the same quarter last year. As a group, research analysts predict that Roblox Co. will post -2.04 earnings per share for the current year.

Institutional Investors Weigh In On Roblox

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Roblox during the 4th quarter valued at $25,000. Washington Trust Advisors Inc. bought a new stake in Roblox during the first quarter worth about $39,000. Blue Trust Inc. grew its stake in Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock worth $49,000 after buying an additional 912 shares in the last quarter. Allworth Financial LP increased its holdings in Roblox by 90.2% in the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company's stock valued at $57,000 after buying an additional 587 shares during the period. Finally, Rakuten Securities Inc. bought a new position in Roblox in the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 91.08% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Roblox from $50.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday. Morgan Stanley dropped their target price on shares of Roblox from $42.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday. Needham & Company LLC dropped their target price on shares of Roblox from $55.00 to $40.00 and set a "buy" rating on the stock in a report on Friday. BTIG Research dropped their target price on shares of Roblox from $54.00 to $46.00 and set a "buy" rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. upgraded shares of Roblox from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $41.00 to $48.00 in a report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.76.

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.

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