In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $32.90, up 0.43% from the previous session.
RBLX stock price is now -11.20% away from the 50-day moving average and -9.35% away from the 200-day moving average. The market capitalization of the company currently stands at $21.06B.
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With the price target maintained at $26, MoffettNathanson recently Upgraded its rating from Sell to Neutral for Roblox Corporation (NYSE: RBLX). On April 23, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $41 to quote $48, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Wong Andrea L, Director sold 5,276 shares of the company’s stock on May 13 ’24. The stock was sold for $164,245 at an average price of $31.13. Upon completion of the transaction, the Director now directly owns 26,319 shares in the company, valued at $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 24 ’24, Director Baszucki Gregory sold 13,000 shares of the business’s stock. A total of $456,054 was realized by selling the stock at an average price of $35.08. This leaves the insider owning 9,747,603 shares of the company worth $320.7 million. A total of 22.45% 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 25.45, a current ratio of 0.90, and a quick ratio of 0.90.
The net profit margin was -39.19% and return on equity was -722.66% for RBLX. The company reported revenue of $801.3 million for the quarter, compared to $655.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.27 percent.
