The price of Roblox Corporation (NYSE:RBLX) shares last traded on Wall Street rose 0.22% to $40.59.
RBLX stock price is now 6.51% away from the 50-day moving average and 5.04% away from the 200-day moving average. The market capitalization of the company currently stands at $26.27B.
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, while ‘Macquarie’ rates the stock as ‘Outperform’
In other news, Guthrie Michael, Chief Financial Officer sold 30,000 shares of the company’s stock on Aug 14 ’24. The stock was sold for $1,164,462 at an average price of $38.82. Upon completion of the transaction, the Chief Financial Officer now directly owns 374,633 shares in the company, valued at $15.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Officer MARK REINSTRA bought 12,000 shares of the business’s stock. A total of $469,080 was incurred on buying the stock at an average price of $39.09. A total of 21.96% 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 15.21, a current ratio of 0.86, and a quick ratio of 0.86. The fifty day moving average price for RBLX is $38.2074 and a two-hundred day moving average price translates $38.68825 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for 2024-06-30. The net profit margin was -34.11% and return on equity was -742.99% for RBLX. The company reported revenue of $893.54 million for the quarter, compared to $680.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.26 percent. For the current quarter, analysts expect RBLX to generate $1.02B in revenue.
