Roblox Co. (NYSE:RBLX) Insider Sells $1,434,000.00 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares of the company’s stock, valued at $16,620,119.75. This represents a 7.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Mark Reinstra also recently made the following trade(s):

• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $847,566.40.

Roblox Stock Down 0.8 %

NYSE:RBLX opened at $59.45 on Friday. The company has a market cap of $36.12 billion, a price-to-earnings ratio of -36.25 and a beta of 1.50. 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 stock’s fifty day moving average price is $52.65 and its two-hundred day moving average price is $44.99. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $61.77.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.45) earnings per share. On average, analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Institutional Investors Weigh In On Roblox

Several institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Roblox in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC boosted its position in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new stake in shares of Roblox during the second quarter worth $30,000. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 530 shares during the last quarter. Finally, Huntington National Bank lifted its stake 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 buying an additional 770 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Wedbush reissued an “outperform” rating and issued a $49.00 target price on shares of Roblox in a research note on Friday, October 25th. HSBC assumed coverage on shares of Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price target for the company. The Goldman Sachs Group increased their target price on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Barclays boosted their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.67.

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.