Stocks of Roblox Corporation (NYSE:RBLX) traded higher last session on Wall Street, down -1.08% to $45.74.
RBLX stock price is now 10.90% away from the 50-day moving average and 16.16% away from the 200-day moving average. The market capitalization of the company currently stands at $29.60B.
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With the price target enhanced from $47 to $51, BTIG Research maintained Buy rating for Roblox Corporation (NYSE: RBLX). , while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Guthrie Michael, Chief Financial Officer sold 66,557 shares of the company’s stock on Sep 12 ’24. The stock was sold for $3,013,022 at an average price of $45.27. Upon completion of the transaction, the Chief Financial Officer now directly owns 352,844 shares in the company, valued at $16.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Chief Financial Officer Guthrie Michael sold 3,443 shares of the business’s stock. A total of $154,977 was realized by selling the stock at an average price of $45.01. This leaves the insider owning 352,844 shares of the company worth $16.14 million. A total of 21.94% 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 $47.49. 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 $41.3616 and a two-hundred day moving average price translates $39.41215 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.
