Roblox Co. (NYSE:RBLX – Get Free Report) insider Mark Reinstra sold 17,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $40.47, for a total transaction of $687,990.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at approximately $13,867,288.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mark Reinstra also recently made the following trade(s):
- On Thursday, August 15th, Mark Reinstra sold 12,000 shares of Roblox stock. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00.
Roblox Stock Performance
Roblox stock traded up $0.27 during mid-day trading on Monday, hitting $40.86. The company had a trading volume of 6,658,948 shares, compared to its average volume of 7,357,824. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The company’s fifty day moving average is $38.38 and its 200-day moving average is $37.93. The company has a market capitalization of $24.16 billion, a price-to-earnings ratio of -21.97 and a beta of 1.60.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in Roblox in the 4th quarter valued at $25,000. PARK CIRCLE Co acquired a new position in Roblox in the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox in the 2nd quarter valued at $33,000. Gilliland Jeter Wealth Management LLC raised its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in Roblox in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on RBLX shares. Benchmark boosted their target price on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Moffett Nathanson raised shares of Roblox from a “sell” rating to a “neutral” rating and lowered their target price for the company from $31.00 to $26.00 in a research note on Friday, May 10th. Barclays upped their price objective on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. BTIG Research lowered their price objective on shares of Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Jefferies Financial Group assumed coverage on shares of Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $44.15.
Check Out Our Latest Research Report on Roblox
About Roblox
Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.
Featured Stories
- Five stocks we like better than Roblox
- Insider Trading – What You Need to Know
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- What is the Nikkei 225 index?
- 2 Option Strategies to Maximize Profits in a Bear Market
- How to Invest in Insurance Companies: A Guide
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.