Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 14,721 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 14,721 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $61.10, for a total value of $899,453.10. Following the completion of the sale, the insider now owns 598,929 shares of the company’s stock, valued at $36,594,561.90. This trade represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Manuel Bronstein also recently made the following trade(s):

• On Wednesday, December 11th, Manuel Bronstein sold 44,888 shares of Roblox stock. The stock was sold at an average price of $60.01, for a total value of $2,693,728.88.

Roblox Trading Up 0.5 %

NYSE RBLX opened at $59.71 on Thursday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a 50 day moving average of $64.01 and a two-hundred day moving average of $52.94. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $36.96 billion, a PE ratio of -41.18 and a beta of 1.46.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Barclays lowered their price objective on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group lifted their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. CICC Research assumed coverage on Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating on the stock. Finally, HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RBLX. FMR LLC lifted its position in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after acquiring an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. lifted its holdings in shares of Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after purchasing an additional 4,406,885 shares during the period. Finally, Durable Capital Partners LP acquired a new stake in shares of Roblox in the 4th quarter valued at about $246,560,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.