Christopher Carvalho Sells 12,985 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX - Get Free Report) Director Christopher Carvalho sold 12,985 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $89.25, for a total transaction of $1,158,911.25. Following the transaction, the director now owns 986,913 shares in the company, valued at $88,081,985.25. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Christopher Carvalho also recently made the following trade(s):

• 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 Price Performance

RBLX traded up $1.60 during trading on Friday, reaching $95.80. The stock had a trading volume of 14,094,905 shares, compared to its average volume of 7,859,275. The business has a 50-day moving average of $70.97 and a 200-day moving average of $64.44. Roblox Co. has a one year low of $34.41 and a one 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 stock has a market cap of $64.98 billion, a PE ratio of -66.07 and a beta of 1.56.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates 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 revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.43) EPS. As a group, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Macquarie increased their target price on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Roth Mkm upped their price objective on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Canaccord Genuity Group lifted their price target on Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company increased their price target on shares of Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $74.91.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC lifted its stake in Roblox by 819.0% in 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox during the first quarter valued at about $39,000. Colonial Trust Co SC bought a new position in shares of Roblox during the fourth quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

About Roblox

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.