Michael Guthrie Sells 21,657 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,657 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $1,113,819.51. Following the completion of the transaction, the chief financial officer now owns 331,187 shares of the company’s stock, valued at $17,032,947.41. The trade was a 6.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, November 15th, Michael Guthrie sold 40,000 shares of Roblox stock. The shares were 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 shares were sold at an average price of $41.50, for a total value 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 Price Performance

RBLX stock opened at $49.38 on Friday. 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 company’s fifty day simple moving average is $46.00 and its 200 day simple moving average is $40.95. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The firm has a market cap of $30.00 billion, a price-to-earnings ratio of -30.11 and a beta of 1.56.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned ($0.45) EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, analysts expect that Roblox Co. will post -1.56 earnings per share for the current year.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Roblox in the 3rd quarter valued at $2,341,000. Toronto Dominion Bank increased its stake in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Roblox by 5.2% during the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after purchasing an additional 408,915 shares during the period. M&T Bank Corp boosted its position in shares of Roblox by 7.0% during the 3rd quarter. M&T Bank Corp now owns 20,105 shares of the company’s stock worth $889,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Roblox by 7.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 130,750 shares of the company’s stock valued at $5,787,000 after buying an additional 8,970 shares during the period. 91.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on RBLX shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Citigroup raised their target price on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Wedbush reiterated an “outperform” rating and set a $49.00 price target on shares of Roblox in a report on Friday, October 25th. Benchmark raised their price objective on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.30.

Roblox Company Profile

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.