Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells $1,134,600.00 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the completion of the transaction, the chief financial officer now owns 374,633 shares in the company, valued at $14,168,620.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, June 4th, Michael Guthrie sold 900 shares of Roblox stock. The shares were sold at an average price of $35.00, for a total transaction of $31,500.00.
• On Tuesday, May 21st, Michael Guthrie sold 22,076 shares of Roblox stock. The shares were sold at an average price of $32.56, for a total transaction of $718,794.56.

Roblox Price Performance

Roblox stock opened at $39.66 on Thursday. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a debt-to-equity ratio of 16.04, a quick ratio of 1.07 and a current ratio of 1.07. The business has a fifty day moving average of $35.43 and a two-hundred day moving average of $38.42. The company has a market cap of $23.45 billion, a P/E ratio of -21.32 and a beta of 1.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The business had revenue of $923.76 million during the quarter, compared to analysts’ expectations of $918.85 million. During the same quarter last year, the business posted ($0.44) earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, analysts predict that Roblox Co. will post -1.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RBLX. BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 price target (down from $57.00) on shares of Roblox in a research note on Monday, May 13th. Needham & Company LLC decreased their price objective on Roblox from $55.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 10th. The Goldman Sachs Group decreased their price objective on Roblox from $48.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Moffett Nathanson raised Roblox from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $31.00 to $26.00 in a report on Friday, May 10th. Finally, Macquarie began coverage on Roblox in a report on Friday, June 14th. They issued an “outperform” rating and a $46.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RBLX. Allspring Global Investments Holdings LLC purchased a new position in shares of Roblox in the fourth quarter valued at $25,000. Washington Trust Advisors Inc. purchased a new stake in Roblox during the 1st quarter worth about $39,000. Blue Trust Inc. increased its position in Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after purchasing an additional 912 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Roblox during the 1st quarter worth about $52,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Roblox by 306.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,483 shares of the company’s stock worth $56,000 after purchasing an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 91.08% 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.