Roblox Co. (NYSE:RBLX) Insider Sells $1,008,760.48 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 16,432 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the completion of the sale, the insider now owns 322,774 shares of the company’s stock, valued at $19,815,095.86. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, February 11th, Mark Reinstra sold 19,525 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50.
• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00.
• On Thursday, January 16th, Mark Reinstra sold 50,000 shares of Roblox stock. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00.
• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00.

Roblox Stock Performance

NYSE:RBLX opened at $59.46 on Wednesday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm’s 50 day moving average is $63.99 and its two-hundred day moving average is $52.89. The company has a market cap of $36.81 billion, a P/E ratio of -41.01 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Institutional Trading of Roblox

A number of institutional investors have recently modified their holdings of RBLX. MetLife Investment Management LLC lifted its position in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock valued at $1,873,000 after buying an additional 161 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Roblox by 4.6% in the 4th 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 period. Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the subject of several research reports. BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie lifted their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Finally, CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.19.

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.