Amy Marie Rawlings Sells 3,601 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total transaction of $177,601.32. Following the completion of the transaction, the chief accounting officer now owns 81,407 shares in the company, valued at approximately $4,014,993.24. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Amy Marie Rawlings also recently made the following trade(s):

• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total value of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The shares were sold at an average price of $52.90, for a total value of $115,639.40.
• On Wednesday, August 28th, Amy Marie Rawlings sold 12,258 shares of Roblox stock. The shares were sold at an average price of $44.09, for a total value of $540,455.22.

Roblox Trading Down 0.2 %

Shares of NYSE RBLX opened at $49.06 on Wednesday. The firm’s 50-day moving average is $46.13 and its two-hundred day moving average is $41.22. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last posted its earnings results 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. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.45) EPS. Research analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in Roblox in the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC lifted its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co acquired a new stake in Roblox during the second quarter worth approximately $30,000. GAMMA Investing LLC grew its stake in Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares during the period. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Needham & Company LLC increased their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Citigroup boosted their target price on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price target on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

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.