Christopher Carvalho Sells 12,985 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) Director Christopher Carvalho sold 12,985 shares of Roblox stock in a transaction on Monday, May 5th. The shares were sold at an average price of $72.16, for a total transaction of $936,997.60. Following the completion of the transaction, the director now directly owns 982,412 shares in the company, valued at $70,890,849.92. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Christopher Carvalho also recently made the following trade(s):

• On Monday, March 3rd, Christopher Carvalho sold 12,986 shares of Roblox stock. The shares were sold at an average price of $63.57, for a total transaction of $825,520.02.

Roblox Stock Down 0.6 %

Shares of NYSE RBLX opened at $70.02 on Friday. The firm’s 50 day moving average price is $60.47 and its 200 day moving average price is $59.21. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market cap of $44.01 billion, a P/E ratio of -48.29 and a beta of 1.46. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned ($0.43) earnings per share. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

RBLX has been the subject of several analyst reports. Citigroup upped their price target on Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Roth Mkm upped their price objective on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. The Goldman Sachs Group boosted their price target on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Barclays raised their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.91.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MetLife Investment Management LLC raised its stake in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after purchasing an additional 161 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Roblox by 1.2% in the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company’s stock valued at $775,000 after acquiring an additional 163 shares during the last quarter. Commerce Bank boosted its holdings in Roblox by 2.7% in the first quarter. Commerce Bank now owns 7,257 shares of the company’s stock valued at $423,000 after acquiring an additional 191 shares during the last quarter. Rakuten Securities Inc. grew its position in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares during the period. Finally, Ballentine Partners LLC raised its holdings in shares of Roblox by 0.3% in the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company’s stock worth $4,518,000 after purchasing an additional 198 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

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.