Roblox Co. (NYSE:RBLX) Insider Mark Reinstra Sells 50,000 Shares

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 50,000 shares of Roblox stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the completion of the transaction, the insider now owns 281,161 shares in the company, valued at $18,269,841.78. The trade was a 15.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value 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 value of $847,566.40.

Roblox Stock Up 1.7 %

Shares of Roblox stock opened at $67.12 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market cap of $40.78 billion, a P/E ratio of -40.93 and a beta of 1.43. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $67.32. The business has a 50-day moving average price of $58.12 and a 200 day moving average price of $48.35.

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

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of RBLX. ValueAct Holdings L.P. boosted its stake in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the period. FMR LLC boosted its stake in Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the period. Dragoneer Investment Group LLC boosted its stake in Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the period. Whale Rock Capital Management LLC acquired a new position in Roblox in the third quarter valued at approximately $107,491,000. Finally, Greenvale Capital LLP acquired a new position in Roblox in the second quarter valued at approximately $89,304,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BTIG Research lifted their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley boosted their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Macquarie boosted their price objective on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Barclays boosted their price objective on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group boosted their price objective on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus 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.