Roblox Co. (NYSE:RBLX) Insider Sells $1,581,360.00 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total value of $1,581,360.00. Following the transaction, the insider now directly owns 281,161 shares in the company, valued at approximately $18,525,698.29. The trade was a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 16th, Mark Reinstra sold 50,000 shares of Roblox stock. The shares were sold at an average price of $64.98, for a total transaction of $3,249,000.00.
• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00.
• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction of $847,566.40.

Roblox Stock Down 0.2 %

Shares of Roblox stock opened at $67.00 on Friday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $67.43. The firm’s 50 day moving average price is $58.44 and its 200-day moving average price is $48.53. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market cap of $40.70 billion, a P/E ratio of -40.85 and a beta of 1.43.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted ($0.45) earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in Roblox by 17.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 64,557 shares of the company’s stock worth $2,402,000 after purchasing an additional 9,665 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Roblox by 9.2% during the second quarter. Amalgamated Bank now owns 34,530 shares of the company’s stock worth $1,285,000 after buying an additional 2,908 shares during the period. ProShare Advisors LLC grew its holdings in shares of Roblox by 22.0% during the second quarter. ProShare Advisors LLC now owns 6,697 shares of the company’s stock valued at $249,000 after buying an additional 1,206 shares during the last quarter. Xponance Inc. increased its position in shares of Roblox by 9.3% in the 2nd quarter. Xponance Inc. now owns 89,046 shares of the company’s stock valued at $3,313,000 after acquiring an additional 7,592 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Roblox by 76.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,586 shares of the company’s stock worth $3,371,000 after acquiring an additional 39,150 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Raymond James reissued a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Canaccord Genuity Group increased their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Benchmark lifted their price objective on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BTIG Research upped their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.48.

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.