Manuel Bronstein Sells 14,721 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 14,721 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $61.10, for a total value of $899,453.10. Following the completion of the transaction, the insider now owns 598,929 shares in the company, valued at $36,594,561.90. This represents a 2.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Manuel Bronstein also recently made the following trade(s):

• On Wednesday, December 11th, Manuel Bronstein sold 44,888 shares of Roblox stock. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88.

Roblox Stock Up 1.1 %

Roblox stock opened at $60.43 on Friday. The firm has a market capitalization of $37.41 billion, a price-to-earnings ratio of -41.68 and a beta of 1.46. The firm has a 50 day simple moving average of $64.04 and a 200 day simple moving average of $52.99. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings results 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 665.98% and a negative net margin of 25.97%. On average, analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Institutional Investors Weigh In On Roblox

Several hedge funds and other institutional investors have recently modified their holdings of RBLX. Frazier Financial Advisors LLC grew its stake in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares during the period. Colonial Trust Co SC purchased a new position in shares of Roblox during the 4th quarter valued at $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RBLX has been the subject of several analyst reports. CICC Research began coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Benchmark upped their target price on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a report on Friday, February 7th. HSBC assumed coverage on Roblox in a report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roblox currently has an average 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.