Roblox Co. (NYSE:RBLX) CFO Michael Guthrie Sells 7,769 Shares of Stock

Roblox Co. (NYSE:RBLXGet Rating) CFO Michael Guthrie sold 7,769 shares of Roblox stock in a transaction on Monday, November 21st. The stock was sold at an average price of $30.14, for a total transaction of $234,157.66. Following the completion of the transaction, the chief financial officer now directly owns 193,137 shares in the company, valued at $5,821,149.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Roblox Price Performance

NYSE RBLX traded up $1.16 during mid-day trading on Thursday, hitting $32.00. The stock had a trading volume of 11,847,939 shares, compared to its average volume of 15,883,576. The firm’s 50 day moving average is $38.20 and its 200 day moving average is $37.53. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of -24.24 and a beta of 1.87. Roblox Co. has a twelve month low of $21.65 and a twelve month high of $137.71.

Hedge Funds Weigh In On Roblox

A number of institutional investors and hedge funds have recently bought and sold shares of RBLX. Renaissance Technologies LLC boosted its holdings in shares of Roblox by 161.0% during the 2nd quarter. Renaissance Technologies LLC now owns 11,580,582 shares of the company’s stock worth $380,538,000 after purchasing an additional 7,143,300 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Roblox by 88.5% during the second quarter. Baillie Gifford & Co. now owns 14,783,016 shares of the company’s stock worth $485,770,000 after buying an additional 6,941,347 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Roblox by 29.2% in the 3rd quarter. Vanguard Group Inc. now owns 28,303,428 shares of the company’s stock worth $1,014,396,000 after acquiring an additional 6,396,902 shares during the last quarter. State Street Corp grew its holdings in shares of Roblox by 2,473.0% in the second quarter. State Street Corp now owns 6,586,856 shares of the company’s stock valued at $216,444,000 after purchasing an additional 6,330,861 shares during the period. Finally, BlackRock Inc. increased its position in Roblox by 46.2% during the third quarter. BlackRock Inc. now owns 18,567,578 shares of the company’s stock worth $665,464,000 after purchasing an additional 5,870,164 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research analyst reports. Barclays started coverage on Roblox in a research note on Tuesday, October 11th. They issued an “underweight” rating and a $20.00 price target for the company. Cowen started coverage on shares of Roblox in a research note on Monday, September 12th. They issued an “underperform” rating and a $31.00 target price for the company. Piper Sandler cut their price target on shares of Roblox from $54.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Stifel Nicolaus lowered their price objective on shares of Roblox from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, October 18th. Finally, Jefferies Financial Group dropped their price objective on shares of Roblox from $43.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, October 14th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.96.

About Roblox

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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