Roblox (NYSE:RBLX) CAO Amy Marie Rawlings Sells 274 Shares

Roblox Corporation (NYSE:RBLX) CAO Amy Marie Rawlings sold 274 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 34,964 shares in the company, valued at approximately $1,678,272. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was sold at an average price of $45.24, for a total value of $130,969.80.

Roblox Price Performance

Shares of RBLX traded down $0.27 during trading hours on Wednesday, hitting $45.73. 8,337,519 shares of the company were exchanged, compared to its average volume of 11,916,750. The company has a market cap of $30.71 billion, a price-to-earnings ratio of -28.95 and a beta of 1.50. Roblox Corporation has a fifty-two week low of $40.15 and a fifty-two week high of $150.59. 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 firm’s fifty day moving average is $53.19 and its 200 day moving average is $70.48.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.06. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.Roblox’s quarterly revenue was up 43.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.32) EPS. On average, equities analysts anticipate that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Roblox announced that its board has initiated a stock repurchase program on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Roblox

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Roblox during the fourth quarter valued at about $435,424,000. Vanguard Group Inc. boosted its stake in shares of Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares in the last quarter. SRS Investment Management LLC acquired a new stake in shares of Roblox during the fourth quarter valued at about $238,065,000. Amundi boosted its stake in shares of Roblox by 83.7% during the first quarter. Amundi now owns 5,774,151 shares of the company’s stock valued at $326,586,000 after purchasing an additional 2,631,074 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Roblox by 7.3% during the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after purchasing an additional 2,184,439 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RBLX. UBS Group reduced their target price on Roblox from $74.00 to $49.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Citigroup reduced their target price on Roblox from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Benchmark reissued a “hold” rating on shares of Roblox in a report on Monday, February 2nd. Barclays reduced their target price on Roblox from $115.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Finally, DA Davidson reduced their price objective on Roblox from $47.50 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of “Hold” and a consensus target price of $87.07.

About Roblox

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.