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 on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total transaction of $1,581,360.00. Following the completion of the transaction, the insider now owns 281,161 shares in the company, valued at approximately $18,525,698.29. This represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was 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 Stock Performance

Shares of Roblox stock opened at $67.00 on Friday. The stock has a market cap of $40.70 billion, a price-to-earnings ratio of -40.85 and a beta of 1.43. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $67.43. The company’s fifty day moving average is $58.44 and its 200 day moving average is $48.60. 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 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 analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted ($0.45) EPS. The business’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Roblox by 17.6% during the second quarter. Envestnet Asset Management Inc. now owns 64,557 shares of the company’s stock worth $2,402,000 after buying an additional 9,665 shares during the period. Amalgamated Bank grew its holdings in Roblox by 9.2% during the 2nd quarter. Amalgamated Bank now owns 34,530 shares of the company’s stock worth $1,285,000 after acquiring an additional 2,908 shares during the period. ProShare Advisors LLC raised its position in shares of Roblox by 22.0% in the 2nd quarter. ProShare Advisors LLC now owns 6,697 shares of the company’s stock worth $249,000 after acquiring an additional 1,206 shares in the last quarter. Xponance Inc. lifted its stake in shares of Roblox by 9.3% in the 2nd quarter. Xponance Inc. now owns 89,046 shares of the company’s stock valued at $3,313,000 after purchasing an additional 7,592 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Roblox by 76.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,586 shares of the company’s stock valued at $3,371,000 after purchasing an additional 39,150 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Benchmark raised their price target on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. HSBC started coverage on shares of Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price for the company. Macquarie increased their price target on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. 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.