Manuel Bronstein Sells 15,380 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 15,380 shares of Roblox stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $45.00, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 712,105 shares of the company’s stock, valued at approximately $32,044,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $1,833,255.00.

Roblox Stock Performance

NYSE:RBLX opened at $45.87 on Friday. The firm’s fifty day moving average price is $41.20 and its 200 day moving average price is $38.18. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $27.45 billion, a price-to-earnings ratio of -24.66 and a beta of 1.60.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same period last year, the firm posted ($0.46) EPS. Roblox’s quarterly revenue was up 31.2% on a year-over-year basis. On average, sell-side analysts expect that Roblox Co. will post -1.59 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays raised their price objective on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Benchmark raised their price objective on shares of Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group began coverage on shares of Roblox in a report on Thursday, July 11th. They set a “hold” rating and a $42.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $44.40.

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of RBLX. PARK CIRCLE Co purchased a new stake in shares of Roblox during the 2nd quarter worth $30,000. Strategic Financial Concepts LLC purchased a new stake in shares of Roblox during the 2nd quarter worth $33,000. Gilliland Jeter Wealth Management LLC boosted its position in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in shares of Roblox during the 1st quarter worth $39,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after purchasing an additional 548 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other 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.