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

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 50,000 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the transaction, the insider now directly owns 281,161 shares in the company, valued at $18,269,841.78. The trade was a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $51.43, for a total value of $847,566.40.

Roblox Stock Performance

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

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted ($0.45) earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Institutional Trading of Roblox

Several institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Roblox during the 3rd quarter worth $27,000. Frazier Financial Advisors LLC lifted its holdings in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after acquiring an additional 770 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RBLX shares. The Goldman Sachs Group raised their price objective on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Piper Sandler lifted their price target on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Benchmark upped their price objective on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. CICC Research started coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, Barclays boosted their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $57.48.

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.