Roblox Co. (NYSE:RBLX) Insider Sells $1,434,000.00 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $847,566.40.

Roblox Trading Up 0.6 %

RBLX stock opened at $59.93 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market cap of $36.41 billion, a P/E ratio of -36.54 and a beta of 1.50. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $61.77. The business’s 50 day moving average is $52.26 and its 200-day moving average is $44.75.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted ($0.45) earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roblox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Roblox in the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC lifted its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares in the last quarter. PARK CIRCLE Co bought a new stake in Roblox during the 2nd quarter worth about $30,000. Strategic Financial Concepts LLC acquired a new stake in Roblox in the 2nd quarter valued at about $33,000. Finally, GAMMA Investing LLC raised its stake in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on RBLX. Wedbush reissued an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Macquarie raised their price target on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Canaccord Genuity Group boosted their price objective on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup raised their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

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.