In Wednesday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $37.73, up 1.59% from the previous session.
RBLX stock price is now 7.43% away from the 50-day moving average and 1.74% away from the 200-day moving average. The market capitalization of the company currently stands at $24.15B.
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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 Gregory, Director sold 13,000 shares of the company’s stock on Jun 26 ’24. The stock was sold for $476,652 at an average price of $36.67. Upon completion of the transaction, the Director now directly owns 9,721,603 shares in the company, valued at $366.8 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 166,666 shares of the business’s stock. A total of $5,853,360 was realized by selling the stock at an average price of $35.12. This leaves the insider owning 142,260 shares of the company worth $5.37 million. 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 $35.1782 and a two-hundred day moving average price translates $37.1348 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.
