Roblox (NYSE:RBLX) Insider Sells 5,666 Shares of Stock

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 5,666 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $44.20, for a total transaction of $250,437.20. Following the sale, the insider owned 386,625 shares in the company, valued at approximately $17,088,825. The trade was a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Mark Reinstra sold 5,773 shares of Roblox stock. The stock was sold at an average price of $44.80, for a total transaction of $258,630.40.
• On Thursday, August 20th, Mark Reinstra sold 17,934 shares of Roblox stock. The shares were sold at an average price of $37.96, for a total value of $680,774.64.
• On Wednesday, August 19th, Mark Reinstra sold 6,250 shares of Roblox stock. The shares were sold at an average price of $40.00, for a total value of $250,000.00.

Roblox Stock Up 2.5%

Shares of Roblox stock traded up $1.10 on Tuesday, reaching $45.68. The company’s stock had a trading volume of 10,811,058 shares, compared to its average volume of 11,855,724. The company has a market capitalization of $30.60 billion, a price-to-earnings ratio of -31.94 and a beta of 1.47. The firm’s fifty day simple moving average is $42.26 and its two-hundred day simple moving average is $48.18. Roblox Corporation has a 52 week low of $33.88 and a 52 week high of $141.95. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the company posted ($0.41) earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts anticipate that Roblox Corporation will post -1.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Benchmark downgraded Roblox from a “hold” rating to a “sell” rating and set a $33.00 price target on the stock. in a research note on Friday, July 31st. Citigroup reduced their price objective on Roblox from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Jefferies Financial Group downgraded Roblox from a “hold” rating to an “underperform” rating and set a $38.00 target price on the stock. in a report on Monday, September 28th. Oppenheimer reissued an “outperform” rating on shares of Roblox in a research report on Friday, September 11th. Finally, Moffett Nathanson restated a “neutral” rating and set a $40.00 price target on shares of Roblox in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Roblox presently has a consensus rating of “Hold” and an average target price of $60.79.

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in shares of Roblox by 7.5% during the 1st quarter. Renaissance Technologies LLC now owns 7,126,134 shares of the company’s stock valued at $403,054,000 after acquiring an additional 497,625 shares during the period. Amundi raised its stake in Roblox by 83.7% during the 1st quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after acquiring an additional 2,631,074 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Roblox by 10.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,451,881 shares of the company’s stock worth $251,798,000 after acquiring an additional 416,206 shares during the period. Amova Asset Management Americas Inc. lifted its holdings in Roblox by 17.0% during the first quarter. Amova Asset Management Americas Inc. now owns 3,238,160 shares of the company’s stock valued at $183,247,000 after purchasing an additional 469,379 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in Roblox by 18.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,292,340 shares of the company’s stock valued at $185,748,000 after purchasing an additional 365,125 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

About Roblox

Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.

Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.