Michael Guthrie Sells 50,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $91.55, for a total value of $4,577,500.00. Following the sale, the chief financial officer now owns 492,266 shares in the company, valued at $45,066,952.30. This represents a 9.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 value 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 value 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 value of $2,939,500.00.

Roblox Stock Performance

Roblox stock opened at $93.71 on Wednesday. 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 firm has a 50-day moving average of $72.32 and a 200-day moving average of $64.95. The firm has a market cap of $63.56 billion, a P/E ratio of -64.63 and a beta of 1.56. Roblox Co. has a 1-year low of $34.41 and a 1-year high of $96.28.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (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 company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned ($0.43) EPS. Roblox’s quarterly revenue was up 30.6% compared to the same quarter last year. Sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analysts Set New Price Targets

RBLX has been the topic of a number of research reports. Bank of America boosted their price objective on Roblox from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, June 5th. Macquarie boosted their price objective on Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. boosted their target price on Roblox from $80.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, June 3rd. Roth Mkm boosted their target price on Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company boosted their price objective on Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average price target of $74.91.

Institutional Investors Weigh In On Roblox

Several hedge funds have recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd increased its position in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Roblox during the 1st quarter valued at $39,000. Colonial Trust Co SC purchased a new position in shares of Roblox during the 4th quarter valued at $41,000. Finally, Parkside Financial Bank & Trust lifted its stake in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares in the last quarter. 94.46% of the stock is owned by 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.