Roblox Co. (NYSE:RBLX) Insider Mark Reinstra Sells 50,000 Shares

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the transaction, the insider now owns 281,161 shares of the company’s stock, valued at approximately $18,269,841.78. The trade was a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00.
• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction of $847,566.40.

Roblox Stock Up 0.8 %

Shares of RBLX traded up $0.54 on Tuesday, reaching $66.07. The stock had a trading volume of 5,414,178 shares, compared to its average volume of 6,600,401. The firm has a market capitalization of $40.14 billion, a price-to-earnings ratio of -40.29 and a beta of 1.43. The company has a 50-day simple moving average of $57.34 and a 200-day simple moving average of $47.90. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $66.86. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted ($0.45) EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts predict that Roblox Co. will post -1.56 EPS for the current year.

Institutional Trading of Roblox

Several institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Entropy Technologies LP increased its holdings in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after purchasing an additional 62,521 shares in the last quarter. Dragoneer Investment Group LLC raised its stake in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Roblox by 12,971.4% during the third quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock valued at $2,302,000 after purchasing an additional 51,626 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after buying an additional 240,565 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They set an “outperform” rating for the company. HSBC began coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price target for the company. Barclays increased their price objective on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. BTIG Research boosted their target price on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Benchmark increased their price target on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.48.

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.