Roblox Co. (NYSE:RBLX) Insider Sells $899,453.10 in Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 14,721 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $61.10, for a total transaction of $899,453.10. Following the transaction, the insider now owns 598,929 shares of the company’s stock, valued at $36,594,561.90. This represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, December 11th, Manuel Bronstein sold 44,888 shares of Roblox stock. The shares were sold at an average price of $60.01, for a total transaction of $2,693,728.88.

Roblox Stock Up 5.1 %

Shares of NYSE RBLX opened at $63.53 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The stock has a market cap of $39.33 billion, a PE ratio of -43.82 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a 50-day moving average of $64.11 and a 200 day moving average of $53.18.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RBLX shares. Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Raymond James reiterated a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. BTIG Research upped their price objective on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Finally, Benchmark upped their price objective on shares of Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Advisors Network LLC acquired a new position in Roblox in the 4th quarter valued at about $201,000. Polar Asset Management Partners Inc. boosted its holdings in Roblox by 21.7% in the 4th quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company’s stock valued at $4,745,000 after purchasing an additional 14,600 shares during the last quarter. American Trust acquired a new position in Roblox in the 4th quarter valued at about $211,000. Mackenzie Financial Corp boosted its holdings in Roblox by 14.7% in the 4th quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock valued at $1,639,000 after purchasing an additional 3,633 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in Roblox in the 4th quarter valued at about $223,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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.