Roblox Co. (NYSE:RBLX) CFO Michael Guthrie Sells 100,000 Shares

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the completion of the sale, the chief financial officer now directly owns 331,187 shares in the company, valued at approximately $18,519,977.04. The trade was a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, November 20th, Michael Guthrie sold 21,657 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $1,113,819.51.
• On Friday, November 15th, Michael Guthrie sold 40,000 shares of Roblox stock. The stock was sold at an average price of $52.07, for a total transaction of $2,082,800.00.
• On Thursday, October 31st, Michael Guthrie sold 10,000 shares of Roblox stock. The stock was sold at an average price of $49.44, for a total value of $494,400.00.
• On Monday, October 7th, Michael Guthrie sold 30,000 shares of Roblox stock. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00.
• On Wednesday, September 11th, Michael Guthrie sold 3,443 shares of Roblox stock. The shares were sold at an average price of $45.01, for a total value of $154,969.43.

Roblox Stock Down 4.0 %

RBLX stock traded down $2.38 during midday trading on Monday, reaching $56.93. 8,582,242 shares of the company’s stock traded hands, compared to its average volume of 7,663,251. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm’s fifty day moving average price is $47.34 and its 200-day moving average price is $42.39. The company has a market cap of $34.59 billion, a price-to-earnings ratio of -34.71 and a beta of 1.50. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $59.80.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted ($0.45) earnings per share. Roblox’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group increased their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays boosted their price objective on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Piper Sandler upped their price target on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $55.30.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC grew its stake in shares of Roblox by 45.2% during the 1st quarter. Cetera Advisors LLC now owns 17,279 shares of the company’s stock worth $660,000 after acquiring an additional 5,377 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in shares of Roblox during the second quarter worth about $930,000. Swedbank AB increased its holdings in shares of Roblox by 0.5% in the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after buying an additional 285 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new stake in Roblox during the second quarter valued at about $2,663,000. Finally, Center for Financial Planning Inc. raised its holdings in shares of Roblox by 2.3% during the 2nd quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock valued at $659,000 after buying an additional 400 shares in the last quarter. 94.46% of the stock is owned by 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.