Craig Donato Sells 7,674 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLXGet Rating) insider Craig Donato sold 7,674 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $30.14, for a total transaction of $231,294.36. Following the transaction, the insider now owns 1,161,267 shares in the company, valued at $35,000,587.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Craig Donato also recently made the following trade(s):

  • On Tuesday, November 15th, Craig Donato sold 2,000 shares of Roblox stock. The stock was sold at an average price of $37.31, for a total transaction of $74,620.00.
  • On Monday, October 17th, Craig Donato sold 2,000 shares of Roblox stock. The stock was sold at an average price of $41.21, for a total transaction of $82,420.00.
  • On Thursday, September 15th, Craig Donato sold 2,000 shares of Roblox stock. The stock was sold at an average price of $44.38, for a total transaction of $88,760.00.

Roblox Stock Up 3.8 %

Shares of RBLX stock opened at $32.00 on Friday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.64 and a quick ratio of 1.64. Roblox Co. has a 1-year low of $21.65 and a 1-year high of $137.71. The firm has a fifty day moving average of $38.20 and a two-hundred day moving average of $37.53.

Wall Street Analyst Weigh In

Several analysts have recently commented on RBLX shares. Jefferies Financial Group lowered their price target on shares of Roblox from $43.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Roblox from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, November 14th. BTIG Research lowered their price target on shares of Roblox from $58.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, October 13th. Cowen began coverage on shares of Roblox in a research report on Monday, September 12th. They issued an “underperform” rating and a $31.00 price target on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Roblox from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $53.00 to $35.00 in a research note on Thursday, November 10th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.96.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. IHT Wealth Management LLC lifted its position in Roblox by 76.2% in the 3rd quarter. IHT Wealth Management LLC now owns 16,941 shares of the company’s stock valued at $607,000 after purchasing an additional 7,327 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Roblox during the 3rd quarter worth about $4,950,000. D L Carlson Investment Group Inc. bought a new stake in shares of Roblox during the 3rd quarter worth about $5,800,000. National Pension Service bought a new stake in shares of Roblox during the 3rd quarter worth about $20,411,000. Finally, CENTRAL TRUST Co grew its stake in shares of Roblox by 839.9% in the 3rd quarter. CENTRAL TRUST Co now owns 4,784 shares of the company’s stock worth $171,000 after purchasing an additional 4,275 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

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

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