Michael Guthrie Sells 21,614 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 21,614 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $1,325,802.76. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at approximately $24,257,823.10. The trade was a 5.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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

Roblox Price Performance

Shares of NYSE:RBLX opened at $59.46 on Wednesday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market capitalization of $36.81 billion, a P/E ratio of -41.01 and a beta of 1.46. The business has a 50-day moving average of $63.99 and a two-hundred day moving average of $52.89. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74.

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

Analysts Set New Price Targets

Several brokerages have issued reports on RBLX. Piper Sandler reissued an “overweight” rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Roth Mkm upped their price target on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Needham & Company LLC raised their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Benchmark lifted their target price on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $64.19.

Institutional Trading of Roblox

Several large investors have recently modified their holdings of RBLX. Integrated Advisors Network LLC acquired a new position in Roblox during the 4th quarter worth $201,000. Polar Asset Management Partners Inc. increased its stake in shares of Roblox by 21.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company’s stock worth $4,745,000 after purchasing an additional 14,600 shares during the period. American Trust acquired a new position in shares of Roblox during the 4th quarter worth about $211,000. Mackenzie Financial Corp boosted its stake in Roblox by 14.7% during the 4th quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock valued at $1,639,000 after purchasing an additional 3,633 shares during the period. Finally, Forum Financial Management LP acquired a new stake in Roblox in the 4th quarter valued at approximately $223,000. 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.