Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells 100,000 Shares of Stock

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 $18,519,977.04. This trade represents a 23.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 20th, Michael Guthrie sold 21,657 shares of Roblox stock. The stock was 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 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 transaction 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 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 Stock Down 4.0 %

NYSE:RBLX opened at $56.93 on Tuesday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of -34.71 and a beta of 1.50. Roblox Co. has a one year low of $29.55 and a one year high of $59.80. The stock has a 50-day simple moving average of $47.34 and a 200 day simple moving average of $42.39.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Barclays lifted their price target on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. BTIG Research boosted their target price on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler raised their price target on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.30.

Institutional Investors Weigh In On Roblox

Several institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. grew its holdings in shares of Roblox by 1.9% during the second quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock valued at $1,084,395,000 after purchasing an additional 535,414 shares during the last quarter. FMR LLC grew its stake in Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after buying an additional 4,115,286 shares during the last quarter. ARK Investment Management LLC increased its position in Roblox by 12.9% in the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after buying an additional 1,519,591 shares during the period. Dragoneer Investment Group LLC lifted its stake in Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after acquiring an additional 240,565 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.