Roblox Corporation (NYSE: RBLX) is 14.26% higher on its value in year-to-date trading and has touched a low of $29.55 and a high of $55.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RBLX stock was last observed hovering at around $51.03 in the last trading session, with the day’s gains setting it 1.21%.
Currently trading at $52.24, the stock is 6.10% and 14.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.49 million and changing 2.37% at the moment leaves the stock 29.66% off its SMA200. RBLX registered 37.80% gain for a year compared to 6-month gain of 60.49%. The firm has a 50-day simple moving average (SMA 50) of $45.5772 and a 200-day simple moving average (SMA200) of $40.2259.
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The stock witnessed a 29.60% loss in the last 1 month and extending the period to 3 months gives it a 20.51%, and is -3.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.52% over the week and 3.70% over the month.
Roblox Corporation (RBLX) has around 2457 employees, a market worth around $34.28B and $3.36B in sales. Profit margin for the company is -30.90%. Distance from 52-week low is 76.79% and -5.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-57.24%).
The EPS is expected to grow by 14.98% this year.
Roblox Corporation (RBLX) Top Institutional Holders
941.0 institutions hold shares in Roblox Corporation (RBLX), with institutional investors hold 82.52% of the company’s shares. The shares outstanding are 581.13M, and float is at 529.60M with Short Float at 5.09%. Institutions hold 78.04% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 49.61 million shares valued at $1.85 billion. The investor’s holdings represent 7.812% of the RBLX Shares outstanding. As of 2024-06-30, the second largest holder is ALTOS VENTURES MANAGEMENT INC. with 43.94 million shares valued at $1.64 billion to account for 6.9199 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 29.99 million shares representing 4.7223% and valued at over $1.12 billion, while BAILLIE GIFFORD & CO holds 4.5892 of the shares totaling 29.14 million with a market value of $1.08 billion.
Roblox Corporation (RBLX) Insider Activity
The most recent transaction is an insider sale by Guthrie Michael, the company’s Chief Financial Officer. SEC filings show that Guthrie Michael sold 40,000 shares of the company’s common stock on Nov 15 ’24 at a price of $52.07 per share for a total of $2.08 million. Following the sale, the insider now owns 0.35 million shares.
Roblox Corporation disclosed in a document filed with the SEC on Nov 15 ’24 that Lee Anthony P (Director) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Nov 15 ’24 and was made at $52.34 per share for $1.31 million. Following the transaction, the insider now directly holds 5.73 million shares of the RBLX stock.
Still, SEC filings show that on Nov 18 ’24, DAVID BRENT BASZUCKI (Director) Proposed Sale 166,666 shares at an average price of $50.73 for $8.45 million. The insider now directly holds shares of Roblox Corporation (RBLX).
