Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells $1,581,360.00 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total transaction of $1,581,360.00. Following the transaction, the insider now owns 281,161 shares of the company’s stock, valued at $18,525,698.29. This represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value 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 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 Down 0.2 %

Shares of Roblox stock opened at $67.00 on Monday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $67.43. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $40.70 billion, a P/E ratio of -40.85 and a beta of 1.43. The stock’s 50 day simple moving average is $58.44 and its 200-day simple moving average is $48.66.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned ($0.45) EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently bought and sold shares of RBLX. FMR LLC grew its stake in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the period. Dragoneer Investment Group LLC lifted its holdings in Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the last quarter. State Street Corp increased its stake in Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after acquiring an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. raised its position in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. Finally, Geode Capital Management LLC raised its position in Roblox by 5.2% in the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after purchasing an additional 408,915 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RBLX has been the subject of several analyst reports. Needham & Company LLC boosted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley increased their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. HSBC assumed coverage on Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. Finally, Wedbush restated an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.48.

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.