Mark Reinstra Sells 12,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at $13,706,240. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, August 19th, Mark Reinstra sold 17,000 shares of Roblox stock. The shares were sold at an average price of $40.47, for a total value of $687,990.00.

Roblox Trading Up 0.7 %

RBLX opened at $40.86 on Tuesday. The firm has a market cap of $24.16 billion, a price-to-earnings ratio of -21.97 and a beta of 1.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The stock has a fifty day moving average price of $38.38 and a 200-day moving average price of $37.93.

Roblox (NYSE:RBLX) last released its quarterly 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. The firm had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.46) EPS. As a group, equities research analysts anticipate that Roblox Co. will post -1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RBLX. Franklin Resources Inc. increased its position in Roblox by 195.1% during the 4th quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock valued at $357,043,000 after buying an additional 5,162,833 shares in the last quarter. Vanguard Group Inc. increased its position in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares in the last quarter. Norges Bank acquired a new position in Roblox during the 4th quarter valued at about $216,194,000. Ieq Capital LLC increased its position in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after buying an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC increased its position in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares in the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBLX has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Roblox from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, July 8th. Roth Capital cut shares of Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. Roth Mkm lifted their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group upped their target price on shares of Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $46.00 target price on shares of Roblox in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average 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.