Christopher Carvalho Sells 12,986 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Christopher Carvalho sold 12,986 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.57, for a total transaction of $825,520.02. Following the completion of the sale, the director now directly owns 982,412 shares in the company, valued at approximately $62,451,930.84. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Roblox Stock Performance

Shares of RBLX stock opened at $58.45 on Friday. The stock has a 50-day moving average of $64.28 and a 200-day moving average of $53.79. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. 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 stock has a market cap of $36.18 billion, a PE ratio of -40.31 and a beta of 1.49.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RBLX. Wells Fargo & Company upped their price target on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Barclays reduced their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC upped their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. HSBC began coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. Finally, Citigroup upped their price target on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Institutional Trading of Roblox

A number of large investors have recently bought and sold shares of RBLX. FMR LLC increased its stake in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. increased its stake in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after acquiring an additional 4,406,885 shares in the last quarter. Finally, Durable Capital Partners LP bought a new position in shares of Roblox during the 4th quarter worth approximately $246,560,000. 94.46% of the stock is owned by institutional investors.

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.