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

Roblox Co. (NYSE:RBLX - Get Free Report) CFO Michael Guthrie sold 50,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $71.77, for a total value of $3,588,500.00. Following the sale, the chief financial officer now owns 516,434 shares of the company's stock, valued at $37,064,468.18. This represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, April 3rd, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $58.79, for a total transaction of $2,939,500.00.
• On Tuesday, March 4th, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were 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 transaction 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.

Roblox Stock Down 0.9%

Shares of NYSE:RBLX traded down $0.70 during midday trading on Tuesday, reaching $80.51. The company had a trading volume of 1,705,451 shares, compared to its average volume of 8,754,241. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a one year low of $31.59 and a one year high of $82.02. The stock's fifty day moving average price is $63.22 and its 200-day moving average price is $61.07. The stock has a market capitalization of $50.72 billion, a P/E ratio of -55.52 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company'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. Equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RBLX. MetLife Investment Management LLC raised its holdings in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after buying an additional 161 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after purchasing an additional 163 shares during the period. Commerce Bank lifted its position in shares of Roblox by 2.7% in the first quarter. Commerce Bank now owns 7,257 shares of the company's stock worth $423,000 after purchasing an additional 191 shares in the last quarter. Advisors Asset Management Inc. grew its position in Roblox by 6.1% during the first quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock valued at $194,000 after purchasing an additional 192 shares in the last quarter. Finally, Rakuten Securities Inc. increased its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Roblox from $78.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Morgan Stanley reduced their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Roth Mkm increased their price objective on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Roblox in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.68.

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.