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

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $91.55, for a total transaction of $4,577,500.00. Following the transaction, the chief financial officer now owns 492,266 shares in the company, valued at approximately $45,066,952.30. This trade represents a 9.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, May 20th, Michael Guthrie sold 24,168 shares of Roblox stock. The shares were sold at an average price of $80.66, for a total transaction of $1,949,390.88.
• On Monday, May 12th, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were sold at an average price of $71.77, for a total transaction of $3,588,500.00.
• On Thursday, April 3rd, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were sold at an average price of $58.79, for a total transaction of $2,939,500.00.

Roblox Stock Performance

Shares of NYSE RBLX opened at $93.26 on Tuesday. The stock has a market cap of $63.26 billion, a PE ratio of -64.32 and a beta of 1.56. The firm has a fifty day moving average price of $71.61 and a 200-day moving average price of $64.75. Roblox Co. has a 1 year low of $34.41 and a 1 year high of $96.28. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Roblox’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period last year, the company posted ($0.43) earnings per share. Equities analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after acquiring an additional 4,400,624 shares in the last quarter. FMR LLC grew its stake in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after acquiring an additional 18,715,837 shares in the last quarter. Ieq Capital LLC grew its stake in Roblox by 13.8% during the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after acquiring an additional 2,297,350 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after acquiring an additional 17,312,325 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Roblox by 217.4% during the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after acquiring an additional 6,007,322 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Roth Mkm increased their price target on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $95.00 price target (up from $82.00) on shares of Roblox in a research report on Friday, May 30th. Macquarie increased their price target on shares of Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Finally, Oppenheimer increased their price target on shares of Roblox from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.91.

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.