Roblox Co. (NYSE:RBLX) Insider Sells $687,990.00 in Stock

Roblox Co. (NYSE:RBLX) 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.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same quarter in the prior year, the firm posted ($0.46) EPS. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. Equities research analysts predict that Roblox Co. will post -1.59 EPS for the current year.

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.

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.