Mark Reinstra Sells 24,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00. Following the sale, the insider now directly owns 281,161 shares in the company, valued at $18,525,698.29. This trade represents a 7.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 shares were sold at an average price of $59.75, for a total transaction 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 transaction of $847,566.40.

Roblox Trading Down 0.2 %

Shares of NYSE:RBLX traded down $0.11 during trading on Friday, reaching $67.00. 3,649,724 shares of the stock were exchanged, compared to its average volume of 6,305,006. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $67.43. The firm’s 50-day moving average price is $58.12 and its 200 day moving average price is $48.35. 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 firm has a market cap of $40.70 billion, a price-to-earnings ratio of -40.85 and a beta of 1.43.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.45) earnings per share. On average, sell-side analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its holdings in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the period. GAMMA Investing LLC grew its holdings in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank increased its stake in Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after buying an additional 770 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RBLX shares. BTIG Research upped their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Macquarie lifted their price objective on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Finally, Citigroup lifted their price target on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.48.

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.