Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings Sells 4,468 Shares

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the sale, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. This represents a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, January 16th, Amy Marie Rawlings sold 5,879 shares of Roblox stock. The shares were sold at an average price of $65.00, for a total value of $382,135.00.

Roblox Stock Performance

RBLX opened at $61.09 on Tuesday. The company has a 50 day simple moving average of $64.03 and a two-hundred day simple moving average of $52.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market cap of $37.82 billion, a P/E ratio of -42.13 and a beta of 1.46. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RBLX shares. BTIG Research boosted their target price on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler reissued an “overweight” rating and set a $72.00 price objective (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Roth Mkm increased their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group increased their price target on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Institutional Trading of Roblox

Several institutional investors have recently made changes to their positions in RBLX. American Trust purchased a new position in Roblox in the 4th quarter worth approximately $211,000. Mackenzie Financial Corp raised its position in shares of Roblox by 14.7% during the fourth quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock valued at $1,639,000 after buying an additional 3,633 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Roblox during the fourth quarter valued at approximately $223,000. Toronto Dominion Bank lifted its holdings in shares of Roblox by 7.3% in the fourth quarter. Toronto Dominion Bank now owns 64,476 shares of the company’s stock worth $3,731,000 after buying an additional 4,384 shares in the last quarter. Finally, Cache Advisors LLC bought a new position in shares of Roblox during the fourth quarter worth $1,215,000. Hedge funds and other institutional investors 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.