Stocks of Roblox Corporation (NYSE:RBLX) traded higher last session on Wall Street, up 0.86% to $42.14.
RBLX stock price is now -2.51% away from the 50-day moving average and 6.96% away from the 200-day moving average. The market capitalization of the company currently stands at $27.27B.
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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, Baszucki David, President & CEO sold 166,668 shares of the company’s stock on Oct 25 ’24. The stock was sold for $7,024,590 at an average price of $42.15. Upon completion of the transaction, the President & CEO now directly owns 135,755 shares in the company, valued at $5.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25 ’24, President & CEO Baszucki David sold 75,002 shares of the business’s stock. A total of $3,161,124 was realized by selling the stock at an average price of $42.15. This leaves the insider owning 875 shares of the company worth $36872.5. A total of 21.44% of the company’s stock is owned by insiders.
During the past 12 months, Roblox Corporation has had a low of $29.55 and a high of $48.43. 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 $43.2258 and a two-hundred day moving average price translates $39.3986 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.
