Amy Marie Rawlings Sells 2,895 Shares of Roblox (NYSE:RBLX) Stock

by · The Cerbat Gem

Roblox Corporation (NYSE:RBLX – Get Free Report) CAO Amy Marie Rawlings sold 2,895 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.24, for a total value of $130,969.80. Following the sale, the chief accounting officer owned 35,238 shares in the company, valued at $1,594,167.12. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roblox Trading Up 4.5%

Shares of RBLX stock traded up $2.09 during mid-day trading on Friday, hitting $48.23. 10,126,707 shares of the company’s stock were exchanged, compared to its average volume of 11,949,403. Roblox Corporation has a fifty-two week low of $40.15 and a fifty-two week high of $150.59. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of -30.53 and a beta of 1.50. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The stock has a 50-day simple moving average of $53.81 and a two-hundred day simple moving average of $71.69.

Roblox (NYSE:RBLX – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm earned ($0.32) earnings per share. The firm’s revenue for the quarter was up 43.4% compared to the same quarter last year. Equities analysts expect that Roblox Corporation will post -1.4 EPS for the current fiscal year.

Roblox declared that its Board of Directors has authorized a share buyback plan on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 9.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

RBLX has been the topic of a number of research analyst reports. BTIG Research cut Roblox from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. The Goldman Sachs Group reduced their target price on Roblox from $125.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Canaccord Genuity Group reduced their target price on Roblox from $140.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $87.07.

Get Our Latest Research Report on RBLX

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RBLX. NewEdge Advisors LLC lifted its stake in shares of Roblox by 2.3% during the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after purchasing an additional 231 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after purchasing an additional 5,363 shares in the last quarter. CW Advisors LLC acquired a new position in shares of Roblox during the second quarter worth about $272,000. Baird Financial Group Inc. lifted its stake in shares of Roblox by 1.4% during the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after purchasing an additional 102 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Roblox during the second quarter worth about $438,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

About Roblox

(Get Free Report)

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.

Featured Articles