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

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 17,000 shares of Roblox stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $45.58, for a total value of $774,860.00. Following the completion of the transaction, the insider now owns 327,009 shares of the company’s stock, valued at approximately $14,905,070.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $40.00, for a total value of $480,000.00.

Roblox Trading Up 1.1 %

Shares of NYSE:RBLX opened at $47.63 on Thursday. The company has a market capitalization of $28.50 billion, a PE ratio of -25.60 and a beta of 1.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12-month low of $25.98 and a 12-month high of $48.43. The business’s fifty day simple moving average is $42.19 and its 200-day simple moving average is $38.51.

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

Analyst Ratings Changes

RBLX has been the topic of several recent analyst reports. Macquarie increased their target price on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wedbush reissued an “outperform” rating and issued a $46.00 price objective on shares of Roblox in a research note on Monday, July 29th. Needham & Company LLC boosted their target price on Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group initiated coverage on Roblox in a report on Thursday, July 11th. They issued a “hold” rating and a $42.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price of $44.81.

Institutional Investors Weigh In On Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its holdings in shares of Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after purchasing an additional 1,419 shares during the last quarter. Kodai Capital Management LP purchased a new stake in Roblox in the fourth quarter valued at about $6,805,000. SteelPeak Wealth LLC boosted its holdings in Roblox by 41.4% in the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock worth $423,000 after acquiring an additional 3,247 shares in the last quarter. Sei Investments Co. grew its stake in shares of Roblox by 18.3% during the first quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after acquiring an additional 44,557 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Roblox by 62.0% during the second quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock valued at $1,395,000 after acquiring an additional 14,348 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.