In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $36.58, up 2.87% from the previous session.
RBLX stock price is now -4.61% away from the 50-day moving average and -0.14% away from the 200-day moving average. The market capitalization of the company currently stands at $23.11B.
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With the price target enhanced from $41 to $48, JP Morgan Upgraded its rating from Neutral to Overweight for Roblox Corporation (NYSE: RBLX). On February 08, 2024, Goldman Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $35 to quote $48, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Baszucki Gregory, Director sold 13,000 shares of the company’s stock on Apr 24 ’24. The stock was sold for $456,054 at an average price of $35.08. Upon completion of the transaction, the Director now directly owns 9,747,603 shares in the company, valued at $356.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 17 ’24, Gen. Counsel & Secretary Reinstra Mark sold 4,000 shares of the business’s stock. A total of $146,760 was realized by selling the stock at an average price of $36.69. This leaves the insider owning 359,453 shares of the company worth $13.15 million. A total of 22.78% of the company’s stock is owned by insiders.
During the past 12 months, Roblox Corporation has had a low of $24.88 and a high of $47.20. As of last week, the company has a debt-to-equity ratio of 23.11, a current ratio of 0.91, and a quick ratio of 0.91.
The net profit margin was -41.15% and return on equity was -602.61% for RBLX. The company reported revenue of $749.94 million for the quarter, compared to $579.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.52 percent.
