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

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 10,492 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $49.45, for a total value of $518,829.40. Following the transaction, the insider now owns 618,154 shares in the company, valued at $30,567,715.30. This trade represents a 1.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $45.00, for a total transaction of $1,833,255.00.

Roblox Stock Down 0.2 %

Shares of RBLX opened at $49.06 on Wednesday. The company’s 50-day moving average price is $46.13 and its 200 day moving average price is $41.22. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. 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 (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.45) EPS. Equities research analysts expect that Roblox Co. will post -1.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of research analyst reports. Wedbush reissued an “outperform” rating and set a $49.00 target price on shares of Roblox in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company increased their target price on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Barclays boosted their price target on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $65.00 in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Roblox in the 3rd quarter valued at $533,000. World Investment Advisors LLC acquired a new position in Roblox in the 3rd quarter valued at about $204,000. Virtu Financial LLC purchased a new stake in Roblox during the third quarter worth about $2,341,000. Toronto Dominion Bank lifted its position in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Roblox by 5.2% in the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after purchasing an additional 408,915 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.