Roblox Co. (NYSE:RBLX) CTO Daniel Sturman Sells 10,949 Shares of Stock

Roblox Co. (NYSE:RBLX) CTO Daniel Sturman sold 10,949 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $32.56, for a total transaction of $356,499.44. Following the sale, the chief technology officer now owns 469,320 shares of the company’s stock, valued at $15,281,059.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Roblox Trading Up 1.8 %

Shares of RBLX stock opened at $33.13 on Thursday. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm has a fifty day moving average price of $36.39 and a 200 day moving average price of $39.47.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. The business had revenue of $923.76 million during the quarter, compared to analysts’ expectations of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.44) EPS. As a group, sell-side analysts expect that Roblox Co. will post -1.7 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Roblox in the fourth quarter valued at approximately $25,000. Washington Trust Advisors Inc. purchased a new stake in Roblox in the 1st quarter valued at $39,000. Blue Trust Inc. boosted its stake in Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after purchasing an additional 912 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Roblox during the 1st quarter worth $52,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Roblox by 306.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,483 shares of the company’s stock valued at $56,000 after purchasing an additional 1,118 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RBLX. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 price target on shares of Roblox in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Wedbush dropped their target price on shares of Roblox from $56.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, May 10th. BTIG Research decreased their price target on Roblox from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price objective (down from $57.00) on shares of Roblox in a research note on Monday, May 13th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.76.

About Roblox

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.