Roblox Corporation (RBLX) Chief Business Officer Holds 0.29 million Worth Of Stock

The stock of Roblox Corporation (NYSE:RBLX) increased by increased by $0.79 on Friday to finish at $83.98, up 0.95 percent. The last five days have seen an average of 5,540,500 shares of common stock traded. The average number of shares traded over the last 20 days was 6,614,930, while the average volume over the last 50 days totaled 7,350,346.

RBLX stock appreciated 2.07% since last month. On 10/11/21, the company’s shares reached a one-month low of $69.77. The stock touched a high of $103.87, after rallying from a low of $60.50 in 52 weeks. The price of RBLX stock has risen by 20.83%. Still, the stock price is down -19.15% from the 52-week high.

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Insider Transactions

There have been 11 days since Roblox Corporation (RBLX) last reported insider trading activity on Oct 14. On Oct 14, Chief Business Officer Donato Craig sold 30,000 shares at $75.00 each. This transaction resulted in the insider making $2,250,072. On Oct 14, Donato Craig sold 12,500 shares at a price of US$75.10. After the transaction, the insider now owns 1,404,950 shares. Chief Financial Officer Guthrie Michael had earlier sold 40,000 shares on Oct 05 for $74.26 a share. The transaction was completed for $2,970,345.

For the three months ended June 29, Roblox Corporation’s quick ratio was 1.40, while its current ratio was 1.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 74.40% percent. Roblox Corporation’s EBITDA margin for the year ended June 29 was -24.06%, whereas its operating margin stood at -28.40% for the same period. Based on annual data, it had gross profit of $683.99 million and revenue of $923.88 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RBLX’s return on assets (ROA) during the last 12 months has been -16.50%. There was a 102.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -286.00%. ROE has averaged 7.41 in the past year for the broader industry.

Earnings Surprise

According to Roblox Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $454.1 million, while revenues rose by 100.0% to $386.98 million. It was predicted that Roblox Corporation’s quarterly earnings would be -$0.25, but it ended up being $0.23, beating the consensus by -208.70%. EBITDA was -$125.16 million for the quarter. At the end of Roblox Corporation’s most recent quarter ended June 29, its liabilities totaled 2.53 billion, while its total debt was $251.72 million. Equity owned by shareholders amounts to $575.15 million.

Technical Picture

Here’s a quick look at Roblox Corporation’s (RBLX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 70.63%, suggesting the stock is Overbought, with a 26.22% historical volatility rate.

The stochastic %K and %D were 91.75% and 91.29% respectively, while the average true range (ATR) was 3.25. Based on the 14-day stochastic reading of 94.67%, the RSI (14) reading is 62.08%. On the 9-day MACD Oscillator, the stock is at 4.10, and the 14-day reading is at 6.06.

Analyst Ratings

In its analyst report released on August 26, 2021, Jefferies began covering Roblox Corporation (NYSE: RBLX). The stock was rated as a Hold by the brokerage firm. Analysts have assigned Roblox Corporation (RBLX) an Overweight rating. RBLX is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.

What is RBLX’s price target for the next 12 months?

The current consensus forecast for the stock is between $70.00 and $103.00, with a median target price of $90.00. In analyzing these forecasts, the average price target given by analysts for Roblox Corporation (RBLX) is $91.22.


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