Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells 50,000 Shares of Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $91.55, for a total transaction of $4,577,500.00. Following the completion of the sale, the chief financial officer now directly owns 492,266 shares in the company, valued at $45,066,952.30. This trade represents a 9.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, May 20th, Michael Guthrie sold 24,168 shares of Roblox stock. The stock was sold at an average price of $80.66, for a total transaction of $1,949,390.88.
• On Monday, May 12th, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $71.77, for a total transaction of $3,588,500.00.
• On Thursday, April 3rd, Michael Guthrie sold 50,000 shares of Roblox stock. The stock was sold at an average price of $58.79, for a total transaction of $2,939,500.00.

Roblox Trading Up 0.3%

NYSE:RBLX opened at $93.71 on Wednesday. Roblox Co. has a 12 month low of $34.41 and a 12 month high of $96.28. The firm has a fifty day simple moving average of $72.32 and a 200-day simple moving average of $64.95. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a market capitalization of $63.56 billion, a P/E ratio of -64.63 and a beta of 1.56.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted ($0.43) earnings per share. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. On average, equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Silicon Valley Capital Partners raised its holdings in shares of Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after purchasing an additional 1,971 shares during the last quarter. Amundi raised its holdings in shares of Roblox by 111.4% during the fourth quarter. Amundi now owns 3,191,137 shares of the company’s stock worth $198,010,000 after purchasing an additional 1,681,263 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Roblox by 101.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company’s stock worth $40,762,000 after purchasing an additional 355,270 shares during the last quarter. Finally, NewSquare Capital LLC increased its holdings in Roblox by 2.7% in the first quarter. NewSquare Capital LLC now owns 115,121 shares of the company’s stock valued at $6,710,000 after buying an additional 3,065 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Roblox from $80.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 3rd. Morgan Stanley dropped their price objective on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Oppenheimer increased their price objective on shares of Roblox from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Barclays increased their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $74.91.

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.