Roblox Co. (NYSE:RBLX) Insider Sells $687,990.00 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 17,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $40.47, for a total transaction of $687,990.00. Following the sale, the insider now owns 342,656 shares in the company, valued at approximately $13,867,288.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, August 15th, Mark Reinstra sold 12,000 shares of Roblox stock. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00.

Roblox Stock Up 6.9 %

Shares of RBLX stock opened at $43.35 on Thursday. The company has a market capitalization of $25.63 billion, a price-to-earnings ratio of -23.31 and a beta of 1.60. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company’s fifty day moving average price is $38.62 and its 200-day moving average price is $37.97. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.07. The firm had revenue of $893.50 million for the quarter, compared to the consensus estimate of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company’s revenue was up 31.2% on a year-over-year basis. During the same period last year, the firm earned ($0.46) EPS. Sell-side analysts expect that Roblox Co. will post -1.59 EPS for the current fiscal year.

Institutional Trading of Roblox

Institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale increased its holdings in Roblox by 2.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after acquiring an additional 1,419 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Roblox by 3,188.8% in the 4th quarter. International Assets Investment Management LLC now owns 84,719 shares of the company’s stock valued at $3,873,000 after acquiring an additional 82,143 shares during the last quarter. Kodai Capital Management LP bought a new stake in shares of Roblox in the 4th quarter worth about $6,805,000. SteelPeak Wealth LLC increased its holdings in shares of Roblox by 41.4% in the 1st quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock worth $423,000 after buying an additional 3,247 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Roblox by 18.3% in the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after buying an additional 44,557 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Macquarie raised their target price on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wolfe Research assumed coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Benchmark raised their target price on shares of Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and issued a $46.00 target price on shares of Roblox in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.15.

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.