Roblox Co. (NYSE:RBLX) Insider Sells $1,008,760.48 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 16,432 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.39, for a total value of $1,008,760.48. Following the completion of the sale, the insider now owns 322,774 shares in the company, valued at $19,815,095.86. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction of $3,249,000.00.
• 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 transaction of $1,434,000.00.

Roblox Trading Down 2.3 %

Shares of RBLX stock traded down $1.42 on Monday, hitting $61.09. The stock had a trading volume of 8,734,942 shares, compared to its average volume of 9,248,760. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market cap of $37.82 billion, a P/E ratio of -42.13 and a beta of 1.46. The company has a fifty day moving average price of $64.04 and a two-hundred day moving average price of $52.57.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping 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%. As a group, analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on RBLX shares. Macquarie boosted their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. Benchmark boosted their target price on shares of Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Roth Mkm increased their price target on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Needham & Company LLC raised their price target on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Hedge Funds Weigh In On Roblox

Large investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in shares of 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 in the last quarter. Frazier Financial Advisors LLC boosted its holdings in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the last quarter. Colonial Trust Co SC bought a new position in shares of Roblox in the fourth quarter valued at $41,000. Finally, Parkside Financial Bank & Trust grew its position in shares of 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. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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.