In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $58.80, down -4.00% from the previous session.
RBLX stock price is now 17.88% away from the 50-day moving average and 41.38% away from the 200-day moving average. The market capitalization of the company currently stands at $38.59B.
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With the price target of $63, HSBC Securities recently initiated with Buy rating for Roblox Corporation (NYSE: RBLX). On November 04, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $38 to quote $65, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Bronstein Manuel, Chief Product Officer sold 44,888 shares of the company’s stock on Dec 11 ’24. The stock was sold for $2,693,805 at an average price of $60.01. Upon completion of the transaction, the Chief Product Officer now directly owns 573,266 shares in the company, valued at $33.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Chief Legal Off. & Corp. Sec. Reinstra Mark sold 5,000 shares of the business’s stock. A total of $300,000 was realized by selling the stock at an average price of $60.00. This leaves the insider owning 278,161 shares of the company worth $16.36 million. A total of 18.35% 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 $61.77. 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 $49.5142 and a two-hundred day moving average price translates $41.49085 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.
