Roblox Corporation (NYSE:RBLX - Get Free Report) CAO Amy Marie Rawlings sold 5,061 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.97, for a total transaction of $192,166.17. Following the sale, the chief accounting officer directly owned 68,745 shares of the company's stock, valued at $2,610,247.65. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Amy Marie Rawlings also recently made the following trade(s):
- On Tuesday, May 26th, Amy Marie Rawlings sold 274 shares of Roblox stock. The stock was sold at an average price of $48.00, for a total transaction of $13,152.00.
Roblox Trading Up 0.9%
RBLX stock opened at $38.70 on Tuesday. Roblox Corporation has a 12 month low of $33.88 and a 12 month high of $142.00. The firm's 50-day moving average is $46.97 and its 200 day moving average is $52.38. The company has a market capitalization of $25.93 billion, a PE ratio of -27.06 and a beta of 1.46. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82.
Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.08. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.60 billion. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.41) EPS. On average, research analysts anticipate that Roblox Corporation will post -1.39 EPS for the current year.
Roblox announced that its board has authorized a stock buyback plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to buy up to 9.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.
Institutional Trading of Roblox
A number of hedge funds have recently bought and sold shares of RBLX. California State Teachers Retirement System boosted its position in Roblox by 5,370.1% during the 2nd quarter. California State Teachers Retirement System now owns 49,445,613 shares of the company's stock valued at $2,688,852,000 after acquiring an additional 48,541,681 shares in the last quarter. Readystate Asset Management LP raised its position in shares of Roblox by 685.8% in the 2nd quarter. Readystate Asset Management LP now owns 377,201 shares of the company's stock worth $20,512,000 after acquiring an additional 329,201 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Roblox by 24.5% during the 2nd quarter. HB Wealth Management LLC now owns 19,542 shares of the company's stock worth $1,063,000 after purchasing an additional 3,844 shares during the last quarter. Saudi Central Bank lifted its stake in shares of Roblox by 91.6% during the 2nd quarter. Saudi Central Bank now owns 41,683 shares of the company's stock worth $2,267,000 after purchasing an additional 19,929 shares during the last quarter. Finally, Angeles Wealth Management LLC bought a new stake in Roblox during the second quarter valued at about $915,000. Hedge funds and other institutional investors own 94.46% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Piper Sandler reaffirmed a "neutral" rating and set a $47.00 target price (down from $50.00) on shares of Roblox in a research report on Friday, July 31st. Benchmark downgraded Roblox from a "hold" rating to a "sell" rating and set a $33.00 price target on the stock. in a research report on Friday, July 31st. Oppenheimer decreased their price objective on Roblox from $82.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, August 4th. Canaccord Genuity Group set a $58.00 price objective on shares of Roblox in a research note on Friday, July 31st. Finally, Needham & Company LLC dropped their target price on shares of Roblox from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $60.89.
Check Out Our Latest Analysis on Roblox
Roblox News Summary
Here are the key news stories impacting Roblox this week:
- Neutral Sentiment: CEO David Baszucki, CFO Naveen K. Chopra, CAO Amy Marie Rawlings, and insiders Mark Reinstra, Sean Jack Buckley, and Matthew D. Kaufman collectively sold 113,583 shares worth approximately $4.31 million on August 20, at prices near $37.96–$37.97. Each filing stated that the shares were sold to cover tax withholding obligations tied to vested equity awards, limiting the negative signal typically associated with open-market insider selling. Roblox insider transaction filings
- Neutral Sentiment: Although the sales reduced each insider’s individual holdings by roughly 4% to 7%, the executives and insiders continued to retain substantial positions in Roblox. The filings therefore provide limited evidence of declining confidence in the company’s outlook. Roblox CFO transaction filing
About Roblox
(
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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