In Friday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $57.17, down -2.39% from the previous session.
RBLX stock price is now -10.61% away from the 50-day moving average and 17.76% away from the 200-day moving average. The market capitalization of the company currently stands at $38.15B.
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With the price target maintained at $34, MoffettNathanson recently Downgraded its rating from Neutral to Sell for Roblox Corporation (NYSE: RBLX). On December 12, 2024, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $63, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Guthrie Michael, Chief Financial Officer sold 50,000 shares of the company’s stock on Mar 04 ’25. The stock was sold for $3,006,854 at an average price of $60.14. Upon completion of the transaction, the Chief Financial Officer now directly owns 395,465 shares in the company, valued at $22.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Director Carvalho Christopher sold 12,986 shares of the business’s stock. A total of $825,513 was realized by selling the stock at an average price of $63.57. This leaves the insider owning 982,412 shares of the company worth $56.16 million. A total of 17.16% 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 $75.74. As of last week, the company has a debt-to-equity ratio of 8.15, a current ratio of 0.85, and a quick ratio of 0.85.
The net profit margin was -25.97% and return on equity was -628.33% for RBLX. The company reported revenue of $988.18 million for the quarter, compared to $749.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.77 percent. For the current quarter, analysts expect RBLX to generate $1.14B in revenue.
