Arvind Chakravarthy Sells 14,269 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Arvind Chakravarthy sold 14,269 shares of Roblox stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total value of $705,316.67. Following the completion of the sale, the insider now directly owns 244,803 shares of the company’s stock, valued at $12,100,612.29. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Roblox Stock Performance

Shares of Roblox stock opened at $49.37 on Thursday. The firm has a market cap of $29.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.56. The stock’s 50-day moving average is $46.21 and its 200-day moving average is $41.27. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.45) earnings per share. Equities analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RBLX has been the subject of several research reports. BTIG Research lifted their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup lifted their price objective on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Roblox in the third quarter valued at about $27,000. Frazier Financial Advisors LLC increased its position in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new stake in shares of Roblox in the second quarter valued at about $30,000. GAMMA Investing LLC increased its position in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its position in shares of Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Company Profile

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.