Mark Reinstra Sells 17,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $45.58, for a total transaction of $774,860.00. Following the completion of the transaction, the insider now owns 327,009 shares of the company’s stock, valued at $14,905,070.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, August 19th, Mark Reinstra sold 17,000 shares of Roblox stock. The stock was sold at an average price of $40.47, for a total value of $687,990.00.
• On Thursday, August 15th, Mark Reinstra sold 12,000 shares of Roblox stock. The shares were sold at an average price of $40.00, for a total value of $480,000.00.

Roblox Price Performance

NYSE:RBLX opened at $47.63 on Thursday. The business’s 50-day simple moving average is $42.19 and its two-hundred day simple moving average is $38.51. Roblox Co. has a 52 week low of $25.98 and a 52 week high of $48.43. The stock has a market cap of $28.50 billion, a PE ratio of -25.60 and a beta of 1.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company had revenue of $893.50 million for the quarter, compared to analysts’ expectations of $897.88 million. During the same period in the previous year, the firm earned ($0.46) EPS. The firm’s revenue was up 31.2% compared to the same quarter last year. As a group, analysts forecast that Roblox Co. will post -1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently bought and sold shares of the stock. PARK CIRCLE Co bought a new position in shares of Roblox during the 2nd quarter valued at about $30,000. Gilliland Jeter Wealth Management LLC grew its holdings in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares in the last quarter. Washington Trust Advisors Inc. bought a new stake in Roblox in the 1st quarter worth approximately $39,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after acquiring an additional 548 shares in the last quarter. Finally, Redwood Wealth Management Group LLC bought a new position in shares of Roblox during the 2nd quarter valued at approximately $48,000. 91.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent analyst reports. Macquarie raised their price target on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Citigroup increased their price target on Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group lifted their price objective on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $46.00 target price on shares of Roblox in a report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average target price of $44.81.

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.