Amy Marie Rawlings Sells 5,879 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, November 22nd, Amy Marie Rawlings sold 3,601 shares of Roblox stock. The stock was sold at an average price of $49.32, for a total transaction of $177,601.32.
• On Wednesday, November 20th, Amy Marie Rawlings sold 6,054 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total transaction of $311,357.22.
• On Monday, November 4th, Amy Marie Rawlings sold 2,186 shares of Roblox stock. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40.

Roblox Price Performance

Shares of Roblox stock opened at $66.07 on Wednesday. The stock’s fifty day moving average is $57.34 and its 200 day moving average is $47.90. Roblox Co. has a one year low of $29.55 and a one year high of $66.86. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $40.14 billion, a P/E ratio of -40.29 and a beta of 1.43.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for 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%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.45) EPS. Sell-side analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RBLX. Macquarie raised their price objective on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Raymond James reaffirmed a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Finally, Canaccord Genuity Group increased their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.48.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently modified their holdings of the company. Impact Partnership Wealth LLC lifted its holdings in Roblox by 11.1% in the 4th quarter. Impact Partnership Wealth LLC now owns 7,480 shares of the company’s stock worth $433,000 after purchasing an additional 750 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Roblox by 38.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,507 shares of the company’s stock worth $1,476,000 after buying an additional 7,103 shares in the last quarter. Simon Quick Advisors LLC boosted its position in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after acquiring an additional 217 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Roblox by 0.7% during the fourth quarter. Atomi Financial Group Inc. now owns 137,642 shares of the company’s stock valued at $7,964,000 after acquiring an additional 984 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in Roblox by 172.3% in the 4th quarter. Ballentine Partners LLC now owns 77,315 shares of the company’s stock valued at $4,473,000 after acquiring an additional 48,919 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

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.