Roblox Co. (NYSE:RBLX) CTO Daniel Sturman Sells 9,804 Shares

Roblox Co. (NYSE:RBLXGet Rating) CTO Daniel Sturman sold 9,804 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $30.14, for a total value of $295,492.56. Following the completion of the sale, the chief technology officer now directly owns 364,368 shares of the company’s stock, valued at $10,982,051.52. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Roblox Price Performance

Shares of NYSE RBLX traded up $1.16 during trading hours on Thursday, reaching $32.00. 11,847,939 shares of the stock traded hands, compared to its average volume of 15,883,576. The company’s 50-day simple moving average is $38.20 and its two-hundred day simple moving average is $37.53. The company has a market capitalization of $17.58 billion, a P/E ratio of -24.24 and a beta of 1.87. Roblox Co. has a 52-week low of $21.65 and a 52-week high of $137.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.33.

Institutional Investors Weigh In On Roblox

A number of hedge funds have recently made changes to their positions in the business. Highlander Capital Management LLC bought a new stake in Roblox in the first quarter worth $25,000. FinTrust Capital Advisors LLC boosted its holdings in Roblox by 412.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 640 shares of the company’s stock valued at $25,000 after acquiring an additional 515 shares during the period. 1832 Asset Management L.P. purchased a new position in Roblox in the 1st quarter worth approximately $32,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Roblox in the first quarter worth approximately $33,000. Finally, High Net Worth Advisory Group LLC raised its holdings in Roblox by 900.0% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock valued at $46,000 after buying an additional 900 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on RBLX shares. DA Davidson lowered their price objective on shares of Roblox from $55.00 to $50.00 in a report on Thursday, November 10th. Moffett Nathanson initiated coverage on Roblox in a report on Monday, October 3rd. They set an “underperform” rating and a $19.00 price objective for the company. BTIG Research lowered their price target on Roblox from $58.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft decreased their price target on Roblox from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, November 14th. Finally, Cowen reduced their price objective on Roblox to $27.00 in a research note on Tuesday, November 15th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.96.

Roblox Company Profile

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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