Monitoring Roblox Corporation (RBLX) after recent insider movements


Roblox Corporation’s recent filing unveils that its Chief Product Officer Bronstein Manuel unloaded Company’s shares for reported $1.03 million on Aug 21. In the deal valued at $27.14 per share,37,961 shares were sold. As a result of this transaction, Bronstein Manuel now holds 777,284 shares worth roughly $ 20.84 million.

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Then, Guthrie Michael sold 14,363 shares, generating $389,754 in total proceeds. Upon selling the shares at $27.14, the Chief Financial Officer now owns 272,937 shares.

Before that, Reinstra Mark sold 11,545 shares. Roblox Corporation shares valued at $313,285 were divested by the Gen. Counsel & Secretary at a price of $27.14 per share. As a result of the transaction, Reinstra Mark now holds 320,763 shares, worth roughly $8.6 million.

Morgan Stanley upgraded its Roblox Corporation [RBLX] rating to an Equal-weight from a an Underweight in a research note published on Friday, August 10, 2023; the price target was increased to $30 from $26. PT values the company’s stock at a premium of 10.63 to its Friday closing price.

Price Performance Review of RBLX

On Friday, Roblox Corporation [NYSE:RBLX] saw its stock jump 0.98% to $26.81. On the same session, the stock had its day’s lowest price of $26.29, but rose to a high of $27.07. Over the last five days, the stock has lost -2.54%. Roblox Corporation shares have fallen nearly -5.80% since the year began. Nevertheless, the stocks have fallen -34.90% over the past one year. While a 52-week high of $47.67 was reached on 04/12/23, a 52-week low of $25.32 was recorded on 08/24/23. SMA at 50 days reached $37.35, while 200 days put it at $37.18. A total of 6.72 million shares were traded, compared to the trading of 9.56 million shares in the previous session.

Levels Of Support And Resistance For RBLX Stock

The 24-hour chart illustrates a support level at 26.38, which if violated will result in even more drops to 25.94. On the upside, there is a resistance level at 27.16. A further resistance level may holdings at 27.50. The Relative Strength Index (RSI) on the 14-day chart is 26.19, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.19%. Stochastics %K at 2.93% indicates the stock is a buying.

How much short interest is there in Roblox Corporation?

A steep rise in short interest was recorded in Roblox Corporation stocks on Aug 14, 2023, growing by 2.44 million shares to a total of 21.18 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 18.74 million shares. There was a rise of 11.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.37% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.88.

Roblox Corporation [RBLX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 33,595,782 shares, or roughly 5.99% of the outstanding RBLX shares. In other words, the investor’s shares have risen by 876,872 from its previous 13-F filing of 32718910.0. Additionally, Morgan Stanley Investment Managem increased 0.26% of its stake after which the total value it holdings stand at $1,313,462,785, while Baillie Gifford & Co. reduced -1.57% of its stake to hold $1.12 billion in the firm. Over the last quarter, Fidelity Management & Research Co purchased 288,299 shares of Roblox Corporation, while BlackRock Fund Advisors bought 1,025,274 shares. At present, Temasek Holdings Pte Ltd. is holding 11,364,542 shares valued at $446.06 million. ARK Investment Management LLC owned 9,318,548 shares of the company at the time of its most recent 13F filing, worth $365.75 million.

According to FactSet, Roblox Corporation’s share price will average $36.90 in the next year, based on opinions of analysts polled by the firm. This is up nearly 39.36 percent from its previous closing price of $26.55. Analysts expect Roblox Corporation stock to reach the higher price of $54.00, while the lowest price estimate is $18.00. However, 29 analysts have rated RBLX stock as an Overweight in their predictions for 2023.


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