Roblox Co. (NYSE:RBLX) Insider Mark Reinstra Sells 4,000 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the sale, the insider now directly owns 359,453 shares of the company’s stock, valued at approximately $13,188,330.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, March 20th, Mark Reinstra sold 4,000 shares of Roblox stock. The stock was sold at an average price of $36.50, for a total value of $146,000.00.
• On Wednesday, February 21st, Mark Reinstra sold 12,531 shares of Roblox stock. The stock was sold at an average price of $40.75, for a total value of $510,638.25.

Roblox Price Performance

RBLX stock opened at $35.55 on Friday. The firm has a market capitalization of $21.01 billion, a PE ratio of -19.01 and a beta of 1.63. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $39.51 and a 200-day simple moving average of $38.75.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.48) earnings per share. Equities research analysts anticipate that Roblox Co. will post -2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RBLX. Bank of New York Mellon Corp grew its position in Roblox by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock worth $36,481,000 after acquiring an additional 39,203 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Roblox by 7.9% during the first quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock worth $860,000 after buying an additional 1,361 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Roblox by 949.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock worth $928,000 after buying an additional 18,150 shares during the period. BlackRock Inc. boosted its position in shares of Roblox by 265.4% during the first quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock worth $14,390,000 after buying an additional 226,029 shares during the period. Finally, Cibc World Market Inc. boosted its position in shares of Roblox by 62.0% during the first quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock worth $4,277,000 after buying an additional 35,412 shares during the period. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RBLX. Roth Mkm lifted their price target on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Needham & Company LLC upped their target price on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Benchmark restated a “buy” rating and issued a $46.00 target price on shares of Roblox in a research note on Tuesday, January 23rd. Finally, The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and upped their target price for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.25.

Roblox Company Profile

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.