Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells $3,716,691.00 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 45,100 shares of the firm’s stock in a transaction dated Monday, January 10th. The shares were sold at an average price of $82.41, for a total value of $3,716,691.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, December 13th, Michael Guthrie sold 60,000 shares of Roblox stock. The shares were sold at an average price of $111.31, for a total value of $6,678,600.00.
  • On Monday, November 22nd, Michael Guthrie sold 32,766 shares of Roblox stock. The shares were sold at an average price of $132.66, for a total value of $4,346,737.56.

Shares of Roblox stock opened at $79.05 on Friday. Roblox Co. has a 52 week low of $60.50 and a 52 week high of $141.60. The stock has a 50 day moving average price of $105.91 and a two-hundred day moving average price of $89.78.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Sunday, November 7th. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. Roblox had a negative return on equity of 108.53% and a negative net margin of 24.52%. The firm had revenue of $637.83 million during the quarter, compared to analysts’ expectations of $636.47 million. The company’s revenue for the quarter was up 28.5% compared to the same quarter last year. As a group, research analysts predict that Roblox Co. will post -0.88 EPS for the current year.

Several equities analysts have commented on the company. Atlantic Securities increased their target price on Roblox from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, November 18th. Stifel Nicolaus increased their target price on Roblox from $121.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, November 18th. Zacks Investment Research upgraded Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, November 13th. Jefferies Financial Group dropped their target price on Roblox from $92.00 to $86.00 and set a “hold” rating for the company in a research report on Monday, September 20th. Finally, KeyCorp began coverage on Roblox in a research report on Wednesday, December 8th. They issued a “sector weight” rating and a $125.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $105.14.

Several large investors have recently made changes to their positions in the stock. Morgan Stanley boosted its position in shares of Roblox by 106.0% during the third quarter. Morgan Stanley now owns 38,590,461 shares of the company’s stock valued at $2,915,509,000 after buying an additional 19,852,955 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Roblox by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 14,600,650 shares of the company’s stock valued at $1,313,766,000 after buying an additional 270,832 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Roblox by 29.5% during the second quarter. Vanguard Group Inc. now owns 10,149,576 shares of the company’s stock valued at $913,259,000 after buying an additional 2,311,597 shares during the last quarter. Discovery Value Fund boosted its position in shares of Roblox by 397.0% during the second quarter. Discovery Value Fund now owns 7,543,193 shares of the company’s stock valued at $678,737,000 after buying an additional 6,025,418 shares during the last quarter. Finally, Coatue Management LLC boosted its position in shares of Roblox by 13.3% during the third quarter. Coatue Management LLC now owns 7,315,535 shares of the company’s stock valued at $552,689,000 after buying an additional 860,715 shares during the last quarter. 46.67% of the stock is currently owned by institutional investors.

About Roblox

Roblox Corporation develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset that allows developers and creators to build, publish, and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution that provides services and infrastructure to power the human co-experience platform.

Further Reading: Support Level

Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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