Roblox Co. (NYSE:RBLX) Insider Mark Reinstra Sells 19,525 Shares

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 19,525 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the sale, the insider now directly owns 339,206 shares of the company’s stock, valued at $22,367,243.64. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were sold at an average price of $65.89, for a total transaction of $1,581,360.00.
• On Thursday, January 16th, Mark Reinstra sold 50,000 shares of Roblox stock. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00.
• 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 shares were sold at an average price of $51.43, for a total value of $847,566.40.

Roblox Stock Down 2.8 %

RBLX opened at $64.18 on Thursday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock’s 50 day simple moving average is $63.17 and its 200-day simple moving average is $51.20. 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 data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, analysts expect that Roblox Co. will post -1.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roblox

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. boosted its position in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after buying an additional 195 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after acquiring an additional 217 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Versant Capital Management Inc grew its position 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 acquiring an additional 239 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. The Goldman Sachs Group upped their price target on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Morgan Stanley increased their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Raymond James restated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Finally, Citigroup raised their price target on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.