Roblox Co. (NYSE:RBLX – Get Free Report) insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the transaction, the insider now directly owns 342,656 shares of the company’s stock, valued at approximately $13,706,240. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Mark Reinstra also recently made the following trade(s):
- On Monday, August 19th, Mark Reinstra sold 17,000 shares of Roblox stock. The stock was sold at an average price of $40.47, for a total transaction of $687,990.00.
Roblox Stock Up 6.9 %
Shares of NYSE RBLX opened at $43.35 on Thursday. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The stock has a market cap of $25.63 billion, a PE ratio of -23.31 and a beta of 1.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The company has a 50-day moving average of $38.62 and a 200 day moving average of $37.97.
Institutional Trading of Roblox
Several large investors have recently bought and sold shares of RBLX. International Assets Investment Management LLC grew its stake in Roblox by 3,188.8% during the 4th quarter. International Assets Investment Management LLC now owns 84,719 shares of the company’s stock valued at $3,873,000 after acquiring an additional 82,143 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Roblox in the 4th quarter valued at approximately $25,000. Cerity Partners LLC purchased a new stake in shares of Roblox in the 4th quarter valued at approximately $774,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Roblox by 0.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock valued at $4,297,000 after buying an additional 458 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Roblox by 25.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 48,470 shares of the company’s stock valued at $2,216,000 after buying an additional 9,700 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.
Analyst Ratings Changes
RBLX has been the topic of several analyst reports. Roth Capital lowered shares of Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. Macquarie boosted their price objective on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Jefferies Financial Group started coverage on shares of Roblox in a report on Thursday, July 11th. They set a “hold” rating and a $42.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Roblox from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, July 8th. Finally, Moffett Nathanson upgraded shares of Roblox from a “sell” rating to a “neutral” rating and decreased their target price for the company from $31.00 to $26.00 in a research report on Friday, May 10th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.15.
Read Our Latest Analysis on Roblox
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.
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