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

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total value of $1,581,360.00. Following the completion of the sale, the insider now directly owns 281,161 shares in the company, valued at approximately $18,525,698.29. The trade was a 7.86 % decrease in their position. The sale 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 shares were sold at an average price of $51.43, for a total transaction of $847,566.40.

Roblox Trading Down 0.2 %

NYSE:RBLX opened at $67.00 on Monday. The company has a market capitalization of $40.70 billion, a PE ratio of -40.85 and a beta of 1.43. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $67.43. The stock has a fifty day simple moving average of $58.44 and a 200-day simple moving average of $48.66. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

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

Institutional Trading of Roblox

Institutional investors and hedge funds have recently made changes to their positions in the stock. SYM FINANCIAL Corp acquired a new stake in shares of Roblox during the 4th quarter worth about $300,000. KG&L Capital Management LLC acquired a new stake in Roblox during the fourth quarter worth approximately $584,000. Chicago Partners Investment Group LLC purchased a new stake in Roblox in the 4th quarter worth approximately $363,000. Gries Financial LLC acquired a new position in Roblox in the 4th quarter valued at $243,000. Finally, Swedbank AB lifted its stake in shares of Roblox by 117.1% during the 4th quarter. Swedbank AB now owns 141,799 shares of the company’s stock worth $8,204,000 after purchasing an additional 76,497 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBLX has been the subject of several recent research reports. Wells Fargo & Company raised their price target on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Macquarie boosted their target price on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. The Goldman Sachs Group increased their price objective on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Needham & Company LLC upped their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus 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.