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

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the sale, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at approximately $23,783,265.10. This represents a 11.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 value of $3,057,000.00.
• On Thursday, February 20th, Michael Guthrie sold 21,614 shares of Roblox stock. The shares were sold at an average price of $61.34, for a total value of $1,325,802.76.
• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76.

Roblox Stock Down 2.3 %

RBLX stock opened at $57.24 on Friday. The stock has a market capitalization of $35.43 billion, a PE ratio of -39.48 and a beta of 1.49. The company has a fifty day moving average of $64.28 and a 200-day moving average of $53.79. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RBLX. JPMorgan Chase & Co. boosted their price target on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. The Goldman Sachs Group boosted their target price on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Morgan Stanley raised their price target on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. HSBC initiated coverage on Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. Finally, Citigroup upped their price target on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.19.

Institutional Investors Weigh In On Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Frazier Financial Advisors LLC increased its holdings in shares of 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 in the last quarter. Versant Capital Management Inc grew its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd increased its holdings in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after buying an additional 240 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of Roblox during the 4th quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.