Roblox Co. (NYSE:RBLX) Insider Manuel Bronstein Sells 10,492 Shares

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 10,492 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.45, for a total value of $518,829.40. Following the sale, the insider now owns 618,154 shares in the company, valued at approximately $30,567,715.30. This trade represents a 1.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Manuel Bronstein also recently made the following trade(s):

• On Monday, November 4th, Manuel Bronstein sold 37,846 shares of Roblox stock. The stock was sold at an average price of $52.03, for a total transaction of $1,969,127.38.
• On Wednesday, September 11th, Manuel Bronstein sold 15,380 shares of Roblox stock. The stock was sold at an average price of $45.00, for a total transaction of $692,100.00.
• On Monday, September 9th, Manuel Bronstein sold 40,739 shares of Roblox stock. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00.

Roblox Price Performance

Shares of NYSE:RBLX opened at $49.06 on Wednesday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $55.10. The business has a 50-day moving average of $46.13 and a two-hundred day moving average of $41.22.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate 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 period in the previous year, the company posted ($0.45) EPS. Roblox’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RBLX. Citigroup raised their target price on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. BTIG Research boosted their price objective on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $49.00 target price on shares of Roblox in a research report on Friday, October 25th. Raymond James reissued a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a research report on Friday, November 22nd. Finally, Canaccord Genuity Group raised their price objective on 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, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Institutional Investors Weigh In On Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its position in 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 period. Entropy Technologies LP grew its position in shares of Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after acquiring an additional 62,521 shares during the last quarter. Dragoneer Investment Group LLC grew its position in shares of Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after acquiring an additional 2,488,044 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Roblox by 62.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock worth $1,395,000 after acquiring an additional 14,348 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in Roblox by 23.2% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company’s stock valued at $19,783,000 after purchasing an additional 84,198 shares during the period. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

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.