Roblox Co. (NYSE:RBLX) Insider Sells $480,000.00 in Stock

Roblox Co. (NYSE:RBLX) 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.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. During the same quarter in the prior year, the company earned ($0.46) EPS. Roblox’s revenue was up 31.2% compared to the same quarter last year. As a group, sell-side analysts predict that Roblox Co. will post -1.59 EPS for the current fiscal year.

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.

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.