In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $40.53, up 5.22% from the previous session.
RBLX stock price is now 14.13% away from the 50-day moving average and 8.20% away from the 200-day moving average. The market capitalization of the company currently stands at $25.94B.
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On June 14, 2024, Macquarie recently initiated its ‘Outperform’ rating on the stock quoting a target price of $46, while ‘MoffettNathanson’ rates the stock as ‘Neutral’
In other news, Guthrie Michael, Chief Financial Officer sold 30,000 shares of the company’s stock on Jul 05 ’24. The stock was sold for $1,134,660 at an average price of $37.82. Upon completion of the transaction, the Chief Financial Officer now directly owns 374,633 shares in the company, valued at $15.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 26 ’24, Director Baszucki Gregory sold 13,000 shares of the business’s stock. A total of $476,652 was realized by selling the stock at an average price of $36.67. This leaves the insider owning 9,721,603 shares of the company worth $394.02 million. A total of 22.06% 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 $35.6116 and a two-hundred day moving average price translates $37.5295 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.
