Roblox Co. (NYSE:RBLX) Insider Sells $774,860.00 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 17,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $45.58, for a total transaction of $774,860.00. Following the completion of the sale, the insider now directly owns 327,009 shares in the company, valued at $14,905,070.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Mark Reinstra also recently made the following trade(s):

• On Monday, August 19th, Mark Reinstra sold 17,000 shares of Roblox stock. The shares were sold at an average price of $40.47, for a total value of $687,990.00.
• On Thursday, August 15th, Mark Reinstra sold 12,000 shares of Roblox stock. The stock was sold at an average price of $40.00, for a total value of $480,000.00.

Roblox Price Performance

NYSE:RBLX opened at $44.86 on Friday. The firm’s fifty day moving average price is $42.29 and its two-hundred day moving average price is $38.55. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $26.85 billion, a P/E ratio of -24.12 and a beta of 1.60. Roblox Co. has a one year low of $26.78 and a one year high of $48.43.

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

Institutional Trading of Roblox

Several hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Roblox in the 2nd quarter valued at $1,105,000. Coronation Fund Managers Ltd. acquired a new position in shares of Roblox in the second quarter valued at about $2,663,000. Teachers Retirement System of The State of Kentucky increased its position in Roblox by 6.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 210,737 shares of the company’s stock worth $7,841,000 after acquiring an additional 12,500 shares during the period. Cetera Investment Advisers raised its stake in Roblox by 4.4% in the 2nd quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock worth $1,538,000 after purchasing an additional 1,748 shares in the last quarter. Finally, Greenvale Capital LLP bought a new stake in Roblox in the 2nd quarter valued at about $89,304,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on RBLX. Wells Fargo & Company upped their price target on Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Benchmark raised their target price on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays boosted their price target on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. BMO Capital Markets restated an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group upped their target price on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.81.

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.