Insider Selling: Roblox Co. (NYSE:RBLX) CAO Sells $311,357.22 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 6,054 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $311,357.22. Following the completion of the sale, the chief accounting officer now owns 85,008 shares of the company’s stock, valued at approximately $4,371,961.44. This represents a 6.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The stock was sold at an average price of $52.90, for a total transaction 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 Price Performance

Shares of NYSE:RBLX opened at $49.38 on Monday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $55.10. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50 day simple moving average is $46.00 and its 200 day simple moving average is $40.96.

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

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $65.00 in a research report on Monday, November 4th. Benchmark increased their price objective on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group lifted their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Institutional Investors Weigh In On Roblox

A number of hedge funds have recently made changes to their positions in RBLX. V Square Quantitative Management LLC bought a new position in Roblox in the 3rd quarter valued at approximately $27,000. Frazier Financial Advisors LLC lifted its stake in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new stake in shares of Roblox during the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC bought a new stake in Roblox during the 2nd quarter worth $33,000. Finally, Gilliland Jeter Wealth Management LLC increased its holdings in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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.