The stock of Roblox Corporation (NYSE:RBLX) last traded at $36.91, up 4.18% from the previous session.
RBLX stock price is now 5.39% away from the 50-day moving average and 0.11% away from the 200-day moving average. The market capitalization of the company currently stands at $23.62B.
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With the price target of $46, Macquarie recently initiated with Outperform rating for Roblox Corporation (NYSE: RBLX). On May 10, 2024, MoffettNathanson Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock keeping its target price maintained at $26, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Baszucki David, President & CEO sold 166,666 shares of the company’s stock on Jun 10 ’24. The stock was sold for $5,853,360 at an average price of $35.12. Upon completion of the transaction, the President & CEO now directly owns 142,260 shares in the company, valued at $5.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, President & CEO Baszucki David sold 74,999 shares of the business’s stock. A total of $2,633,987 was realized by selling the stock at an average price of $35.12. This leaves the insider owning 875 shares of the company worth $32296.25. A total of 22.07% 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 fifty day moving average price for RBLX is $35.0274 and a two-hundred day moving average price translates $36.9086 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for 2024-03-31. 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.
