Amy Marie Rawlings Sells 5,061 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX) CAO Amy Marie Rawlings sold 5,061 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.97, for a total transaction of $192,166.17. Following the sale, the chief accounting officer owned 68,745 shares of the company’s stock, valued at $2,610,247.65. This trade represents a 6.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 26th, Amy Marie Rawlings sold 274 shares of Roblox stock. The stock was sold at an average price of $48.00, for a total transaction of $13,152.00.

Roblox Stock Up 1.0%

Roblox stock opened at $39.15 on Wednesday. The firm has a market capitalization of $26.23 billion, a price-to-earnings ratio of -27.38 and a beta of 1.46. The firm’s fifty day moving average price is $46.77 and its two-hundred day moving average price is $52.21. Roblox Corporation has a 1-year low of $33.88 and a 1-year high of $142.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm posted ($0.41) earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts predict that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Roblox declared that its board has initiated a share repurchase plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to buy up to 9.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently commented on RBLX shares. Piper Sandler reissued a “neutral” rating and issued a $47.00 price objective (down from $50.00) on shares of Roblox in a research note on Friday, July 31st. Barclays cut their target price on Roblox from $60.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. UBS Group set a $33.00 price target on Roblox in a report on Friday, July 31st. Oppenheimer lowered their price target on Roblox from $82.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. Finally, Canaccord Genuity Group set a $58.00 price objective on Roblox in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Hold” and an average target price of $60.89.

Roblox News Roundup

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Short interest fell 42.4% to 13.88 million shares as of August 14, down from 24.11 million shares on July 30. Only about 2.3% of Roblox’s outstanding shares are now sold short, and the short-interest ratio is 0.8 days. The reduction suggests that bearish investors have been covering positions, potentially reducing near-term selling pressure on RBLX. Roblox short interest data
• Neutral Sentiment: CEO David Baszucki, CFO Naveen Chopra, CAO Amy Rawlings, and other insiders collectively sold shares worth roughly $4.31 million in transactions dated August 20, with additional shares sold by Sean Jack Buckley on August 24. Most filings said the sales were made to cover tax obligations associated with equity-award vesting, rather than discretionary open-market selling. Roblox insider transaction filings
• Neutral Sentiment: Although the transactions reduced individual insider holdings by approximately 4% to 7%, the executives and directors continued to own substantial positions. As a result, the sales offer limited evidence of deteriorating management confidence and are unlikely to be a major catalyst by themselves. Sean Jack Buckley insider filing

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System grew its holdings in shares of Roblox by 5,370.1% in the second quarter. California State Teachers Retirement System now owns 49,445,613 shares of the company’s stock valued at $2,688,852,000 after acquiring an additional 48,541,681 shares in the last quarter. Norges Bank bought a new stake in Roblox during the fourth quarter worth $435,424,000. SRS Investment Management LLC bought a new stake in Roblox during the fourth quarter worth $238,065,000. Amundi boosted its position in Roblox by 83.7% in the first quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after purchasing an additional 2,631,074 shares during the last quarter. Finally, Capital International Investors boosted its position in Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after purchasing an additional 2,184,439 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.