Mark Reinstra Sells 24,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the sale, the insider now owns 278,161 shares in the company, valued at $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total transaction of $847,566.40.

Roblox Trading Down 0.8 %

Shares of RBLX opened at $59.45 on Friday. The stock has a market capitalization of $36.12 billion, a P/E ratio of -36.25 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a fifty day simple moving average of $52.65 and a two-hundred day simple moving average of $44.92. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $61.77.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.45) EPS. On average, research analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Institutional Investors Weigh In On Roblox

Several institutional investors have recently added to or reduced their stakes in RBLX. Bank of New York Mellon Corp lifted its position in shares of Roblox by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,018,198 shares of the company’s stock worth $75,097,000 after purchasing an additional 102,897 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Roblox by 56,711.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,059 shares of the company’s stock worth $23,296,000 after purchasing an additional 624,957 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Roblox by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,941 shares of the company’s stock worth $3,682,000 after purchasing an additional 8,090 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of Roblox in the 2nd quarter worth about $433,000. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Roblox in the 2nd quarter worth about $5,123,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on RBLX shares. JPMorgan Chase & Co. upped their target price on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Needham & Company LLC upped their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays upped their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Canaccord Genuity Group increased their price target on shares of 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, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $55.67.

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.