Roblox Co. (NYSE:RBLX) CTO Daniel Sturman Sells 9,530 Shares of Stock

Posted by Defense World Staff on May 24th, 2023

Roblox Co. (NYSE:RBLX – Get Rating) CTO Daniel Sturman sold 9,530 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $39.64, for a total transaction of $377,769.20. Following the sale, the chief technology officer now directly owns 525,732 shares of the company’s stock, valued at $20,840,016.48. The sale was disclosed in a document filed with the SEC, which is available through this link.

Roblox Stock Performance

Shares of RBLX opened at $39.66 on Wednesday. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a fifty day moving average of $41.13 and a 200-day moving average of $36.72. Roblox Co. has a 1 year low of $23.88 and a 1 year high of $53.88. The company has a market cap of $24.00 billion, a price-to-earnings ratio of -23.06 and a beta of 1.76.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Roblox from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Thursday, February 16th. BTIG Research raised their target price on shares of Roblox from $55.00 to $60.00 in a report on Wednesday, May 10th. Wedbush raised their price target on Roblox from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Needham & Company LLC decreased their target price on Roblox from $53.00 to $48.00 in a research report on Thursday, May 11th. Finally, Oppenheimer started coverage on Roblox in a report on Wednesday, January 25th. They issued a “market perform” rating for the company. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.79.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Slow Capital Inc. acquired a new stake in Roblox during the 1st quarter worth about $31,000. 1832 Asset Management L.P. bought a new stake in shares of Roblox in the 1st quarter valued at approximately $32,000. James Investment Research Inc. bought a new stake in shares of Roblox in the 1st quarter valued at approximately $33,000. Fifth Third Bancorp grew its stake in shares of Roblox by 62.5% in the 1st quarter. Fifth Third Bancorp now owns 759 shares of the company’s stock valued at $34,000 after buying an additional 292 shares in the last quarter. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of Roblox in the 4th quarter valued at approximately $25,000. 72.36% of the stock is currently owned by institutional investors.

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.

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

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