Michael Guthrie Sells 45,100 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) CFO Michael Guthrie sold 45,100 shares of the stock in a transaction on Monday, January 10th. The shares were sold at an average price of $82.41, for a total value of $3,716,691.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Monday, December 13th, Michael Guthrie sold 60,000 shares of Roblox stock. The shares were sold at an average price of $111.31, for a total value of $6,678,600.00.
  • On Monday, November 22nd, Michael Guthrie sold 32,766 shares of Roblox stock. The shares were sold at an average price of $132.66, for a total value of $4,346,737.56.

Shares of Roblox stock opened at $79.05 on Friday. The business has a 50-day moving average price of $105.91 and a 200-day moving average price of $89.78. Roblox Co. has a twelve month low of $60.50 and a twelve month high of $141.60.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Sunday, November 7th. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. The firm had revenue of $637.83 million during the quarter, compared to analyst estimates of $636.47 million. Roblox had a negative return on equity of 108.53% and a negative net margin of 24.52%. The business’s revenue was up 28.5% on a year-over-year basis. Analysts anticipate that Roblox Co. will post -0.88 earnings per share for the current fiscal year.

RBLX has been the topic of a number of research reports. Truist dropped their price target on Roblox from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, October 27th.
Atlantic Securities raised their price target on Roblox from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, November 18th. Zacks Investment Research upgraded Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, November 13th. KeyCorp initiated coverage on Roblox in a research note on Wednesday, December 8th. They issued a “sector weight” rating and a $125.00 price target on the stock. Finally, Truist Securities dropped their price target on Roblox from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $105.14.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new position in Roblox in the third quarter worth about $26,000. Assetmark Inc. purchased a new position in Roblox in the third quarter worth about $29,000. Edmond DE Rothschild Holding S.A. purchased a new position in Roblox in the second quarter worth about $32,000. Carolinas Wealth Consulting LLC purchased a new position in Roblox in the second quarter worth about $36,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Roblox in the fourth quarter worth about $42,000. Institutional investors own 46.67% of the company’s stock.

About Roblox

Roblox Corporation develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset that allows developers and creators to build, publish, and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution that provides services and infrastructure to power the human co-experience platform.

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