Roblox Co. (NYSE:RBLX) CFO Michael Guthrie Sells 26,154 Shares

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 26,154 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 5th, Michael Guthrie sold 100,000 shares of Roblox stock. The shares were sold at an average price of $55.92, for a total value of $5,592,000.00.
• On Wednesday, November 20th, Michael Guthrie sold 21,657 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total value of $1,113,819.51.
• On Friday, November 15th, Michael Guthrie sold 40,000 shares of Roblox stock. The stock was sold at an average price of $52.07, for a total value of $2,082,800.00.

Roblox Stock Performance

Shares of NYSE RBLX opened at $64.18 on Thursday. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The business’s 50 day moving average price is $63.17 and its two-hundred day moving average price is $51.20. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. Analysts predict that Roblox Co. will post -1.4 EPS for the current year.

Institutional Trading of Roblox

Hedge funds have recently modified their holdings of the stock. Pitcairn Co. raised its holdings in Roblox by 6.6% in the 4th quarter. Pitcairn Co. now owns 6,955 shares of the company’s stock valued at $402,000 after acquiring an additional 431 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Roblox during the 4th quarter worth approximately $10,857,000. Grant Private Wealth Management Inc bought a new stake in Roblox in the 4th quarter valued at $424,000. Bryce Point Capital LLC acquired a new position in Roblox in the 4th quarter valued at $1,722,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Roblox during the 4th quarter worth $60,690,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Roth Mkm increased their target price on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Canaccord Genuity Group boosted their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Citigroup increased their price objective on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.19.

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.