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

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

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

• 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.
• On Wednesday, November 20th, Michael Guthrie sold 21,657 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction of $1,113,819.51.
• On Friday, November 15th, Michael Guthrie sold 40,000 shares of Roblox stock. The shares were sold at an average price of $52.07, for a total transaction of $2,082,800.00.

Roblox Stock Up 2.1 %

RBLX opened at $65.56 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market capitalization of $39.83 billion, a PE ratio of -45.21 and a beta of 1.46. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a 50-day simple moving average of $63.30 and a two-hundred day simple moving average of $51.30.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that Roblox Co. will post -1.4 earnings per share for the current fiscal year.

Institutional Trading of Roblox

A number of large investors have recently made changes to their positions in RBLX. Vanguard Group Inc. grew its position in Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock worth $3,080,449,000 after acquiring an additional 462,450 shares in the last quarter. FMR LLC lifted its stake in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the period. Ieq Capital LLC grew its stake in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after buying an additional 3,507,901 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after acquiring an additional 240,565 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RBLX shares. Canaccord Genuity Group boosted their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. HSBC assumed coverage on shares of Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. Morgan Stanley upped their price target on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Finally, Benchmark raised their price target on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus target price 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.