Roblox Co. (NYSE:RBLX) Insider Mark Reinstra Sells 19,525 Shares

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 19,525 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the completion of the transaction, the insider now directly owns 339,206 shares of the company’s stock, valued at $22,367,243.64. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $65.89, for a total transaction of $1,581,360.00.
• 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 value of $3,249,000.00.
• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00.
• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total transaction of $847,566.40.

Roblox Stock Performance

NYSE:RBLX opened at $64.18 on Thursday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50 day simple moving average of $63.17 and a 200 day simple moving average of $51.20.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. On average, equities analysts anticipate that Roblox Co. will post -1.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on RBLX. Needham & Company LLC lifted their price target on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. Benchmark lifted their target price on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a report on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. 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. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Hedge Funds Weigh In On Roblox

Large investors have recently bought and sold shares of the stock. Pitcairn Co. lifted its stake in shares of Roblox by 6.6% in the 4th quarter. Pitcairn Co. now owns 6,955 shares of the company’s stock worth $402,000 after acquiring an additional 431 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Roblox in the fourth quarter worth approximately $10,857,000. Grant Private Wealth Management Inc bought a new position in Roblox during the 4th quarter valued at $424,000. Bryce Point Capital LLC acquired a new position in shares of Roblox during the 4th quarter valued at $1,722,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Roblox in the 4th quarter worth $60,690,000. Institutional investors and hedge funds own 94.46% 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.