Roblox Co. (NYSE:RBLX) Insider Manuel Bronstein Sells 40,739 Shares

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 40,739 shares of Roblox stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $45.00, for a total value of $1,833,255.00. Following the transaction, the insider now directly owns 727,485 shares in the company, valued at $32,736,825. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roblox Trading Up 0.2 %

Shares of RBLX opened at $44.98 on Thursday. The stock’s 50-day moving average price is $40.90 and its 200 day moving average price is $38.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The firm has a market capitalization of $26.60 billion, a price-to-earnings ratio of -24.18 and a beta of 1.60. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The firm had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. During the same period last year, the business earned ($0.46) earnings per share. Roblox’s quarterly revenue was up 31.2% compared to the same quarter last year. As a group, research analysts predict that Roblox Co. will post -1.59 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RBLX shares. Benchmark boosted their target price on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their target price on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. BMO Capital Markets restated an “outperform” rating and issued a $56.00 target price on shares of Roblox in a research note on Tuesday, July 30th. Roth Mkm boosted their price target on Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Needham & Company LLC raised their price objective on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale increased its position in shares of Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after purchasing an additional 1,419 shares in the last quarter. Kodai Capital Management LP bought a new stake in Roblox during the fourth quarter worth about $6,805,000. SteelPeak Wealth LLC increased its holdings in shares of Roblox by 41.4% during the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock worth $423,000 after buying an additional 3,247 shares in the last quarter. Sei Investments Co. raised its stake in shares of Roblox by 18.3% in the first quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock valued at $11,000,000 after acquiring an additional 44,557 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Roblox by 319.6% in the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock worth $1,075,000 after acquiring an additional 21,533 shares in the last quarter. 91.08% of the stock is owned by institutional investors.

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.