Roblox Co. (NYSE:RBLX – Get Free Report) 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.
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.
Get Our Latest Analysis on RBLX
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.
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