Insider Selling: Roblox (NYSE:RBLX) Insider Sells 16,782 Shares of Stock

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 16,782 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.24, for a total value of $1,598,317.68. Following the sale, the insider directly owned 370,532 shares of the company’s stock, valued at $35,289,467.68. This represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, November 5th, Mark Reinstra sold 2,401 shares of Roblox stock. The stock was sold at an average price of $104.60, for a total value of $251,144.60.

Roblox Stock Performance

NYSE:RBLX traded up $1.32 on Monday, hitting $90.57. The company’s stock had a trading volume of 11,920,323 shares, compared to its average volume of 9,408,730. The firm has a market capitalization of $59.31 billion, a P/E ratio of -63.34 and a beta of 1.61. The stock has a fifty day moving average of $121.32 and a two-hundred day moving average of $113.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a one year low of $47.95 and a one year high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company posted ($0.37) EPS. The company’s revenue for the quarter was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Arete raised shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price objective for the company in a research note on Tuesday, September 9th. Citigroup increased their target price on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of Roblox from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Barclays upped their target price on Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Finally, Piper Sandler set a $130.00 target price on Roblox in a research report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Hedge Funds Weigh In On Roblox

A number of hedge funds have recently modified their holdings of the business. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Roblox in the third quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Roblox during the third quarter valued at approximately $37,000. Total Investment Management Inc. purchased a new position in shares of Roblox during the 2nd quarter valued at approximately $29,000. Root Financial Partners LLC bought a new stake in Roblox during the third quarter valued at $38,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Roblox by 58.7% during the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after acquiring an additional 105 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

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.