Roblox Co. (NYSE:RBLX) Insider Mark Reinstra Sells 19,525 Shares

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 19,525 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the transaction, the insider now directly owns 339,206 shares of the company’s stock, valued at approximately $22,367,243.64. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were 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 stock was 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 Trading Up 2.1 %

Roblox stock opened at $65.56 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $39.83 billion, a price-to-earnings ratio of -45.21 and a beta of 1.46. The company has a 50 day moving average price of $63.30 and a 200 day moving average price of $51.30.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. Research analysts forecast that Roblox Co. will post -1.4 EPS for the current year.

Hedge Funds Weigh In On Roblox

A number of large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in Roblox during the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% during 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 period. Versant Capital Management Inc grew its holdings in shares of Roblox by 83.9% during the 4th 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 raised its holdings in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. BMO Capital Markets restated an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Needham & Company LLC increased their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. Benchmark boosted their target price on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group increased their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $64.19.

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.