Roblox Co. (NYSE:RBLX – Get Rating) insider Manuel Bronstein sold 32,695 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $30.34, for a total transaction of $991,966.30. Following the transaction, the insider now owns 839,977 shares in the company, valued at approximately $25,484,902.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
RBLX stock traded up $1.86 on Wednesday, reaching $28.93. 28,264,368 shares of the company’s stock were exchanged, compared to its average volume of 27,471,861. The stock has a fifty day moving average of $38.81 and a 200-day moving average of $67.77. The firm has a market cap of $15.68 billion, a PE ratio of -32.14 and a beta of 2.29. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.74. Roblox Co. has a twelve month low of $21.65 and a twelve month high of $141.60.
Roblox (NYSE:RBLX – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The company had revenue of $631.21 million for the quarter, compared to analyst estimates of $649.48 million. Roblox had a negative return on equity of 89.70% and a negative net margin of 25.01%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company posted ($0.46) EPS. On average, equities research analysts predict that Roblox Co. will post -1.08 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. ProVise Management Group LLC increased its stake in shares of Roblox by 1.7% in the fourth quarter. ProVise Management Group LLC now owns 8,577 shares of the company’s stock worth $885,000 after acquiring an additional 144 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Roblox by 4.6% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,424 shares of the company’s stock valued at $353,000 after acquiring an additional 150 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Roblox by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,304 shares of the company’s stock valued at $1,580,000 after acquiring an additional 164 shares during the period. Sepio Capital LP raised its holdings in Roblox by 1.8% during the 4th quarter. Sepio Capital LP now owns 9,500 shares of the company’s stock worth $980,000 after buying an additional 167 shares during the period. Finally, Baystate Wealth Management LLC grew its stake in shares of Roblox by 175.0% during the 4th quarter. Baystate Wealth Management LLC now owns 275 shares of the company’s stock worth $28,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 68.00% of the company’s stock.
About Roblox (Get Rating)
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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