Roblox Co. (NYSE:RBLX) Insider Sells $847,566.40 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 16,480 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $847,566.40. Following the completion of the transaction, the insider now directly owns 278,161 shares of the company’s stock, valued at $14,305,820.23. This represents a 5.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, September 23rd, Mark Reinstra sold 17,000 shares of Roblox stock. The shares were sold at an average price of $45.58, for a total value of $774,860.00.

Roblox Price Performance

RBLX stock opened at $49.38 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $55.10. The stock has a market cap of $30.00 billion, a PE ratio of -30.11 and a beta of 1.56. The company has a 50-day moving average price of $46.00 and a 200 day moving average price of $40.96.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating 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 firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted ($0.45) earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Institutional Trading of Roblox

A number of large investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in Roblox during the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC increased its holdings in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. PARK CIRCLE Co bought a new stake in Roblox during the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC purchased a new stake in shares of Roblox in the 2nd quarter worth $33,000. Finally, 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 worth $37,000 after acquiring an additional 506 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RBLX. Citigroup lifted their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $65.00 in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $55.30.

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.