Roblox Co. (NYSE:RBLX) CFO Sells $1,325,802.76 in Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,614 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $1,325,802.76. Following the sale, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at $24,257,823.10. This represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 11th, Michael Guthrie sold 26,154 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76.
• On Thursday, December 5th, Michael Guthrie sold 100,000 shares of Roblox stock. The stock was sold at an average price of $55.92, for a total value of $5,592,000.00.

Roblox Stock Performance

Roblox stock opened at $61.09 on Tuesday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. 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 stock has a market cap of $37.82 billion, a P/E ratio of -42.13 and a beta of 1.46. The stock has a 50 day moving average of $64.03 and a 200-day moving average of $52.74.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several large investors have recently modified their holdings of RBLX. American Trust bought a new stake in Roblox in the fourth quarter valued at about $211,000. Mackenzie Financial Corp grew its position in shares of Roblox by 14.7% in the 4th quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock worth $1,639,000 after acquiring an additional 3,633 shares in the last quarter. Forum Financial Management LP bought a new stake in shares of Roblox in the 4th quarter valued at approximately $223,000. Toronto Dominion Bank raised its position in shares of Roblox by 7.3% during the 4th quarter. Toronto Dominion Bank now owns 64,476 shares of the company’s stock valued at $3,731,000 after acquiring an additional 4,384 shares in the last quarter. Finally, Cache Advisors LLC acquired a new stake in shares of Roblox during the 4th quarter valued at approximately $1,215,000. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RBLX shares. Macquarie boosted their target price on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wedbush reiterated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Morgan Stanley raised their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company upped their price target on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, OTR Global upgraded Roblox from a “mixed” rating to a “positive” 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, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.