Roblox Co. (NYSE:RBLX) Insider Arvind Chakravarthy Sells 14,269 Shares

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 14,269 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $49.43, for a total transaction of $705,316.67. Following the transaction, the insider now owns 244,803 shares in the company, valued at approximately $12,100,612.29. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Roblox Stock Down 0.2 %

Shares of RBLX stock opened at $49.06 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $55.10. The stock has a fifty day moving average price of $46.13 and a 200 day moving average price of $41.22.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.45) EPS. On average, equities research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Benchmark boosted their price target on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Raymond James reiterated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC raised its stake in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new position in Roblox in the 2nd quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in shares of Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its holdings in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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.