Roblox Co. (NYSE:RBLX – Get Free Report) insider Mark Reinstra sold 50,000 shares of Roblox stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the completion of the transaction, the insider now owns 281,161 shares of the company’s stock, valued at approximately $18,269,841.78. This represents a 15.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Mark Reinstra also recently made the following trade(s):
- 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 stock was sold at an average price of $51.43, for a total value of $847,566.40.
Roblox Trading Down 0.2 %
Shares of Roblox stock opened at $65.98 on Thursday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $66.86. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $40.09 billion, a price-to-earnings ratio of -40.23 and a beta of 1.43. The stock has a 50 day moving average of $57.83 and a 200 day moving average of $48.21.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Roblox during the third quarter worth about $27,000. Frazier Financial Advisors LLC grew its holdings in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc increased its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. GAMMA Investing LLC raised its stake in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently commented on RBLX. Benchmark boosted their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wedbush restated an “outperform” rating and set a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Piper Sandler raised their price target on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Barclays boosted their price objective on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC raised their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.48.
Get Our Latest Stock 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.
Further Reading
- Five stocks we like better than Roblox
- 10 Best Airline Stocks to Buy
- Oracle Announces Game-Changing News for the AI Industry
- How to Use the MarketBeat Stock Screener
- Netflix Adds 19 Million Subscribers, Growth Is Far From Over
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Tempus AI: A Game-Changer in AI-Powered Healthcare
Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.