Mark Reinstra Sells 16,432 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 16,432 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the completion of the transaction, the insider now directly owns 322,774 shares in the company, valued at $19,815,095.86. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, February 11th, Mark Reinstra sold 19,525 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50.
• 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 stock was sold at an average price of $59.75, for a total value of $1,434,000.00.

Roblox Stock Performance

Shares of RBLX opened at $59.46 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The stock has a 50 day moving average price of $63.99 and a 200 day moving average price of $52.89. The company has a market capitalization of $36.81 billion, a price-to-earnings ratio of -41.01 and a beta of 1.46.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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 665.98%. Research analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. CICC Research started coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. Raymond James reiterated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Wedbush reissued an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.19.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently made changes to their positions in RBLX. Versant Capital Management Inc increased its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Gordian Capital Singapore Pte Ltd grew its position in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the period. Colonial Trust Co SC purchased a new position in shares of Roblox during the fourth quarter worth about $41,000. Finally, Parkside Financial Bank & Trust increased its position in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors 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.