Roblox (NYSE:RBLX) CAO Amy Marie Rawlings Sells 5,061 Shares

Key Points

• Roblox CAO Amy Marie Rawlings sold 5,061 shares at an average price of $37.97, totaling $192,166.17. The sale was made to cover tax withholding tied to vested equity awards, leaving her with 68,745 shares.
• Roblox shares rose 0.9% to $38.70 but remain well below their 50-day and 200-day moving averages. The company reported a quarterly loss of $0.26 per share, revenue of $1.47 billion, and an 8.3% year-over-year revenue increase.
• Analysts give Roblox a consensus “Hold” rating with an average price target of $60.89, while the company has authorized a $3 billion share repurchase program covering up to 9.5% of outstanding shares.

Roblox Corporation (NYSE:RBLX - Get Free Report) CAO Amy Marie Rawlings sold 5,061 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.97, for a total value of $192,166.17. Following the transaction, the chief accounting officer directly owned 68,745 shares of the company's stock, valued at $2,610,247.65. The trade was a 6.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amy Marie Rawlings also recently made the following trade(s):

• On Tuesday, May 26th, Amy Marie Rawlings sold 274 shares of Roblox stock. The shares were sold at an average price of $48.00, for a total value of $13,152.00.

Roblox Stock Up 0.9%

RBLX stock traded up $0.33 during mid-day trading on Monday, reaching $38.70. The company had a trading volume of 8,331,997 shares, compared to its average volume of 11,929,390. The firm has a fifty day simple moving average of $47.11 and a 200 day simple moving average of $52.57. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of -27.06 and a beta of 1.46. Roblox Corporation has a fifty-two week low of $33.88 and a fifty-two week high of $142.00.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.08. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.60 billion. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.41) earnings per share. Analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Roblox announced that its Board of Directors has approved a share buyback plan on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RBLX shares. Cantor Fitzgerald initiated coverage on shares of Roblox in a research report on Monday, June 29th. They set an "overweight" rating for the company. Raymond James Financial assumed coverage on Roblox in a research note on Monday, June 29th. They issued a "market perform" rating on the stock. UBS Group set a $33.00 price target on Roblox in a report on Friday, July 31st. Wolfe Research cut Roblox from an "outperform" rating to a "hold" rating in a research report on Friday, July 31st. Finally, Morgan Stanley dropped their price objective on Roblox from $62.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Roblox presently has a consensus rating of "Hold" and an average target price of $60.89.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RBLX. Baird Financial Group Inc. boosted its position in shares of Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company's stock valued at $767,000 after purchasing an additional 102 shares during the period. Sunbelt Securities Inc. grew its stake in Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company's stock worth $39,000 after buying an additional 105 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Roblox by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company's stock worth $560,000 after buying an additional 110 shares during the period. NewEdge Advisors LLC lifted its stake in Roblox by 1.3% in the second quarter. NewEdge Advisors LLC now owns 10,374 shares of the company's stock valued at $1,091,000 after buying an additional 138 shares during the last quarter. Finally, L2 Asset Management LLC lifted its stake in Roblox by 5.9% in the third quarter. L2 Asset Management LLC now owns 2,783 shares of the company's stock valued at $386,000 after buying an additional 154 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox's business model is built around its virtual economy and creator ecosystem.

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