Saturday, June 25, 2022

Selling Buzz: Roblox Corporation [RBLX] CMKtg & People Exper Officer Messing Barbara sells 9,434 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Roblox Corporation shares valued at $286,240 were sold by Messing Barbara on May 23. At $30.34 per share, Messing Barbara sold 9,434 shares. The insider’s holdings dropped to 179,186 shares worth approximately $5.58 million following the completion of this transaction.

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Also, Gupta Deepika sold 2,040 shares, netting a total of over 61,896 in proceeds. Following the sale of shares at $30.34 each, the insider now holds 21,443 shares.

Before that, Guthrie Michael had sold 7,882 shares from its account. In a trade valued at $239,150, the Chief Financial Officer traded Roblox Corporation shares for $30.34 each. Upon closing the transaction, the insider’s holdings decreased to 7,882 shares, worth approximately $6.48 million.

As published in a research note from Truist on June 17, 2022, Roblox Corporation [RBLX] has been rated down from a Buy to a Hold and the price target has been revised to $29 from $36. This represents a -7.31% premium over Wednesday’s closing price. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early June. As of May 24, 2022, Atlantic Equities has decreased its “an Overweight” rating to a “Neutral” for RBLX. Earlier on May 10, 2022, Wedbush initiated its rating. Their recommendation was “a Neutral” for RBLX stock.

Analyzing RBLX’s Price Performance

On Wednesday, Roblox Corporation [NYSE: RBLX] rose 4.99% to $31.12. The stock’s lowest price that day was $28.76, but it reached a high of $31.94 in the same session. During the last five days, there has been a surge of approximately 19.14%. Over the course of the year, Roblox Corporation shares have dropped approximately -69.83%. Shares of the company reached a 52-week high of $103.79 on 01/03/22 and a 52-week low of $21.65 on 05/10/22. A 50-day SMA is recorded $31.91, while a 200-day SMA reached $66.49. Nevertheless, trading volume fell to 32.79 million shares from 27.38 million shares the previous day.

Support And Resistance Levels for Roblox Corporation (RBLX)

According to the 24-hour chart, there is a support level at 29.27, which, if violated, would cause prices to drop to 27.43. In the upper region, resistance lies at 32.45. The next price resistance is at 33.79. RSI (Relative Strength Index) is 51.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 30.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Roblox Corporation subject to short interest?

Stocks of Roblox Corporation saw a sharp rise in short interest on Apr 28, 2022 jumping by 4.34 million shares to 31.65 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 27.31 million shares. A jump of 13.71% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.54 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.54.

Which companies own the most shares of Roblox Corporation (RBLX)?

According to Morgan Stanley Investment Managem filings, the company currently owns 37,614,060 shares, which is about 6.94% of the total RBLX shares outstanding. The investor’s shares have plunged by -1,078,330 from its previous 13-F filing of 38692390.0 shares. With the completion of the buy, T. Rowe Price Associates, Inc.’s stake is now worth $720,753,195. The Vanguard Group, Inc. acquire a 39.40% interest valued at $481.58 million while Temasek Holdings Pte Ltd. purchased a 282,659 stake. A total of -4,801,816 shares of Roblox Corporation were bought by Jennison Associates LLC during the quarter, and 7,841,669 by Baillie Gifford & Co. In its current portfolio, Fidelity Management & Research Co holds 6,608,042 shares valued at $197.84 million.

On April 19, 2022, Goldman assigned a price target of “a Neutral” to the stock and downgraded coverage with a $50.

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