Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 68,722 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 68,722 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $80.00, for a total value of $5,497,760.00. Following the completion of the transaction, the insider now owns 582,454 shares of the company’s stock, valued at approximately $46,596,320. The trade was a 10.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 24th, Manuel Bronstein sold 14,721 shares of Roblox stock. The stock was sold at an average price of $61.10, for a total value of $899,453.10.

Roblox Stock Down 0.1%

Roblox stock traded down $0.11 during mid-day trading on Monday, reaching $81.16. The stock had a trading volume of 7,473,976 shares, compared to its average volume of 7,729,979. The company has a market capitalization of $51.13 billion, a price-to-earnings ratio of -55.97 and a beta of 1.46. The company has a 50-day moving average price of $62.73 and a two-hundred day moving average price of $60.86. Roblox Co. has a one year low of $31.59 and a one year high of $82.02. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned ($0.43) EPS. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. On average, analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently made changes to their positions in RBLX. Gordian Capital Singapore Pte Ltd raised its holdings in Roblox by 74.8% in 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 period. Larson Financial Group LLC lifted its stake in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after acquiring an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox during the first quarter worth $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox during the fourth quarter worth about $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RBLX shares. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Roth Mkm increased their target price on Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Morgan Stanley lowered their price target on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Benchmark upped their price target on Roblox from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.68.

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.