In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $50.00, down -2.80% from the previous session.
RBLX stock price is now 14.17% away from the 50-day moving average and 26.23% away from the 200-day moving average. The market capitalization of the company currently stands at $32.36B.
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With the price target enhanced from $38 to $65, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Roblox Corporation (NYSE: RBLX). On September 09, 2024, BTIG Research reiterated its ‘Buy’ rating on the stock by increasing its target price from $47 to quote $51, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Baszucki Gregory, Director sold 117,000 shares of the company’s stock on Oct 31 ’24. The stock was sold for $5,850,070 at an average price of $50.00. Upon completion of the transaction, the Director now directly owns 9,532,103 shares in the company, valued at $476.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, Chief Financial Officer Guthrie Michael sold 10,000 shares of the business’s stock. A total of $494,355 was realized by selling the stock at an average price of $49.44. This leaves the insider owning 352,844 shares of the company worth $17.64 million. A total of 21.42% 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 $52.65. As of last week, the company has a debt-to-equity ratio of 9.26, a current ratio of 0.81, and a quick ratio of 0.81. The fifty day moving average price for RBLX is $43.676 and a two-hundred day moving average price translates $39.55325 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for 2024-09-30. The net profit margin was -30.90% and return on equity was -658.56% for RBLX. The company reported revenue of $918.95 million for the quarter, compared to $713.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.84 percent.
