Roblox (NYSE:RBLX) CAO Sells $13,152.00 in Stock

by · The Cerbat Gem

Roblox Corporation (NYSE:RBLX – Get Free Report) CAO Amy Marie Rawlings sold 274 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $48.00, for a total value of $13,152.00. Following the completion of the sale, the chief accounting officer directly owned 34,964 shares in the company, valued at approximately $1,678,272. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, May 20th, Amy Marie Rawlings sold 2,895 shares of Roblox stock. The shares were sold at an average price of $45.24, for a total value of $130,969.80.

Roblox Stock Up 0.6%

Shares of RBLX opened at $47.10 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45. Roblox Corporation has a 12 month low of $40.15 and a 12 month high of $150.59. The stock’s 50 day moving average is $52.48 and its two-hundred day moving average is $69.51. The firm has a market cap of $31.63 billion, a P/E ratio of -29.81 and a beta of 1.50.

Roblox (NYSE:RBLX – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned ($0.32) earnings per share. Roblox’s quarterly revenue was up 43.4% compared to the same quarter last year. Analysts predict that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Roblox announced that its Board of Directors has initiated a share buyback program on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of research analyst reports. Bank of America lowered Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Friday, May 1st. HSBC lowered Roblox from a “buy” rating to a “hold” rating and set a $46.00 price target on the stock. in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research note on Friday, March 27th. Wall Street Zen lowered Roblox from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Jefferies Financial Group lowered Roblox from a “hold” rating to a “hold” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.07.

Check Out Our Latest Report on Roblox

Hedge Funds Weigh In On Roblox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after buying an additional 1,020,786 shares during the last quarter. Capital International Investors boosted its stake in Roblox by 7.3% during the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after buying an additional 2,184,439 shares during the last quarter. Morgan Stanley boosted its stake in Roblox by 8.1% during the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after buying an additional 1,555,549 shares during the last quarter. State Street Corp boosted its stake in Roblox by 3.3% during the fourth quarter. State Street Corp now owns 13,812,362 shares of the company’s stock worth $1,119,216,000 after buying an additional 442,518 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Roblox by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after buying an additional 547,103 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Company Profile

(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.

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