Amy Marie Rawlings Sells 3,601 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 3,601 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.32, for a total transaction of $177,601.32. Following the completion of the transaction, the chief accounting officer now directly owns 81,407 shares in the company, valued at approximately $4,014,993.24. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total transaction of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The shares were sold at an average price of $52.90, for a total value of $115,639.40.
• On Wednesday, August 28th, Amy Marie Rawlings sold 12,258 shares of Roblox stock. The stock was sold at an average price of $44.09, for a total value of $540,455.22.

Roblox Trading Up 0.6 %

NYSE:RBLX opened at $49.37 on Thursday. The stock has a fifty day moving average price of $46.21 and a 200 day moving average price of $41.27. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The firm has a market cap of $29.99 billion, a PE ratio of -30.10 and a beta of 1.56.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned ($0.45) earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price target on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Citigroup raised their price target on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Canaccord Genuity Group upped their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Institutional Investors Weigh In On Roblox

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in Roblox by 31.9% in the first quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock valued at $106,000 after buying an additional 672 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Roblox by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,737,657 shares of the company’s stock valued at $180,885,000 after acquiring an additional 65,191 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Roblox by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock valued at $1,890,000 after acquiring an additional 9,159 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Roblox by 0.8% during the 1st quarter. California State Teachers Retirement System now owns 669,967 shares of the company’s stock worth $25,579,000 after acquiring an additional 5,621 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its stake in Roblox by 10.8% during the first quarter. Motley Fool Asset Management LLC now owns 18,636 shares of the company’s stock worth $712,000 after purchasing an additional 1,812 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other 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.