Mark Reinstra Sells 16,480 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 16,480 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $847,566.40. Following the completion of the sale, the insider now directly owns 278,161 shares in the company, valued at $14,305,820.23. This trade represents a 5.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, September 23rd, Mark Reinstra sold 17,000 shares of Roblox stock. The shares were sold at an average price of $45.58, for a total transaction of $774,860.00.

Roblox Price Performance

Roblox stock opened at $49.38 on Monday. The company has a fifty day simple moving average of $46.00 and a 200-day simple moving average of $40.96. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of -30.11 and a beta of 1.56. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. Roblox’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.45) EPS. On average, equities analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the subject of several analyst reports. Benchmark boosted their price objective on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price objective on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Barclays increased their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price of $55.30.

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of Roblox during the 3rd quarter valued at about $2,341,000. Toronto Dominion Bank grew its stake in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after buying an additional 15,333 shares during the period. Geode Capital Management LLC increased its holdings in shares of Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after buying an additional 408,915 shares during the last quarter. M&T Bank Corp raised its position in shares of Roblox by 7.0% during the 3rd quarter. M&T Bank Corp now owns 20,105 shares of the company’s stock valued at $889,000 after buying an additional 1,324 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Roblox by 7.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 130,750 shares of the company’s stock valued at $5,787,000 after acquiring an additional 8,970 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

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.