Roblox Co. (NYSE:RBLX) Insider Manuel Bronstein Sells 37,846 Shares

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 37,846 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.03, for a total value of $1,969,127.38. Following the completion of the transaction, the insider now owns 674,259 shares in the company, valued at $35,081,695.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Manuel Bronstein also recently made the following trade(s):

• On Wednesday, September 11th, Manuel Bronstein sold 15,380 shares of Roblox stock. The stock was sold at an average price of $45.00, for a total transaction of $692,100.00.
• 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 Trading Up 3.3 %

NYSE RBLX opened at $52.86 on Thursday. 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 business has a fifty day simple moving average of $43.93 and a 200 day simple moving average of $39.59. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $53.07. The firm has a market capitalization of $32.12 billion, a P/E ratio of -32.23 and a beta of 1.56.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) 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 company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted ($0.45) earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Roblox Co. will post -1.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several hedge funds have recently modified their holdings of RBLX. Allspring Global Investments Holdings LLC grew its holdings in Roblox by 98.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the period. Norden Group LLC purchased a new stake in Roblox during the first quarter valued at about $230,000. Private Advisor Group LLC boosted its position in Roblox by 4.4% during the first quarter. Private Advisor Group LLC now owns 60,111 shares of the company’s stock worth $2,295,000 after purchasing an additional 2,506 shares during the period. Nordea Investment Management AB increased its stake in shares of Roblox by 4.8% in the first quarter. Nordea Investment Management AB now owns 28,492 shares of the company’s stock worth $1,104,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Roblox by 1.2% in the first quarter. Daiwa Securities Group Inc. now owns 49,070 shares of the company’s stock valued at $1,873,000 after purchasing an additional 600 shares during the period. Institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $65.00 in a research report on Monday. Jefferies Financial Group started coverage on Roblox in a report on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price on the stock. Canaccord Genuity Group upped their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Roth Mkm raised their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Needham & Company LLC lifted their target price on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

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.