Manuel Bronstein Sells 10,492 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 10,492 shares of Roblox stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $49.45, for a total transaction of $518,829.40. Following the completion of the sale, the insider now owns 618,154 shares of the company’s stock, valued at $30,567,715.30. This trade represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 4th, Manuel Bronstein sold 37,846 shares of Roblox stock. The shares were sold at an average price of $52.03, for a total transaction of $1,969,127.38.
• On Wednesday, September 11th, Manuel Bronstein sold 15,380 shares of Roblox stock. The stock was sold at an average price of $45.00, for a total transaction of $692,100.00.
• On Monday, September 9th, Manuel Bronstein sold 40,739 shares of Roblox stock. The stock was sold at an average price of $45.00, for a total value of $1,833,255.00.

Roblox Price Performance

Shares of Roblox stock opened at $49.37 on Thursday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The firm’s 50-day moving average price is $46.21 and its two-hundred day moving average price is $41.27. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $29.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.56.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted ($0.45) EPS. The business’s revenue was up 9.5% on a year-over-year basis. On average, equities analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RBLX shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Macquarie raised their target price on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group lifted their price objective on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group raised their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RBLX. V Square Quantitative Management LLC bought a new position in shares of Roblox in the third quarter worth about $27,000. Frazier Financial Advisors LLC raised its position in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new position in Roblox during the 2nd quarter worth $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox during the 2nd quarter worth $33,000. Finally, Gilliland Jeter Wealth Management LLC boosted its position in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

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.