Insider Selling: Roblox Co. (NYSE:RBLX) CFO Sells 50,000 Shares of Stock

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

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

• On Tuesday, May 20th, Michael Guthrie sold 24,168 shares of Roblox stock. The shares were sold at an average price of $80.66, for a total transaction 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 transaction of $3,588,500.00.
• On Thursday, April 3rd, Michael Guthrie sold 50,000 shares of Roblox stock. The shares were sold at an average price of $58.79, for a total transaction of $2,939,500.00.

Roblox Stock Down 2.7%

RBLX stock traded down $2.54 during mid-day trading on Monday, reaching $93.26. 11,060,955 shares of the company traded hands, compared to its average volume of 7,872,100. The stock has a market cap of $63.26 billion, a price-to-earnings ratio of -64.32 and a beta of 1.56. Roblox Co. has a fifty-two week low of $34.41 and a fifty-two week high of $97.83. The firm’s 50 day moving average price is $70.97 and its 200 day moving average price is $64.44. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.43) EPS. As a group, equities research analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RBLX. Vanguard Group Inc. increased its stake in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after buying an additional 4,400,624 shares during the last quarter. FMR LLC boosted its stake in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after acquiring an additional 18,715,837 shares during the last quarter. Ieq Capital LLC grew its position in shares of Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after acquiring an additional 2,297,350 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after purchasing an additional 6,007,322 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RBLX shares. The Goldman Sachs Group raised their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a $95.00 price target (up from $82.00) on shares of Roblox in a report on Friday, May 30th. JPMorgan Chase & Co. boosted their price objective on Roblox from $80.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 3rd. Bank of America raised their target price on Roblox from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company increased their price objective on shares of Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.91.

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.