Roblox Co. (NYSE:RBLX – Get Free Report) insider Manuel Bronstein sold 15,380 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $45.00, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 712,105 shares in the company, valued at $32,044,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Manuel Bronstein also recently made the following trade(s):
- On Monday, September 9th, Manuel Bronstein sold 40,739 shares of Roblox stock. The shares were sold at an average price of $45.00, for a total transaction of $1,833,255.00.
Roblox Stock Performance
Shares of RBLX opened at $45.87 on Friday. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The stock has a market capitalization of $27.45 billion, a P/E ratio of -24.66 and a beta of 1.60. The firm’s 50 day moving average is $41.20 and its 200-day moving average is $38.16. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03.
Wall Street Analyst Weigh In
A number of brokerages have commented on RBLX. BTIG Research lifted their target price on Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Needham & Company LLC increased their target price on Roblox from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Macquarie raised their target price on Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wolfe Research initiated coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Wedbush reissued an “outperform” rating and set a $46.00 target price on shares of Roblox in a research note on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $44.40.
Check Out Our Latest Stock Analysis on RBLX
Hedge Funds Weigh In On Roblox
Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in Roblox by 195.1% during the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock valued at $357,043,000 after buying an additional 5,162,833 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after acquiring an additional 4,818,022 shares in the last quarter. Norges Bank acquired a new position in Roblox in the 4th quarter worth approximately $216,194,000. Ieq Capital LLC grew its position in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after purchasing an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC raised its stake in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.
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.
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