Manuel Bronstein Sells 40,739 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 40,739 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the completion of the sale, the insider now owns 727,485 shares of the company’s stock, valued at approximately $32,736,825. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 11th, Manuel Bronstein sold 15,380 shares of Roblox stock. The shares were sold at an average price of $45.00, for a total value of $692,100.00.

Roblox Trading Up 1.0 %

NYSE RBLX opened at $45.87 on Friday. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The stock has a market cap of $27.45 billion, a P/E ratio of -24.66 and a beta of 1.60. The company’s fifty day simple moving average is $41.20 and its 200-day simple moving average is $38.18.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. The business had revenue of $893.50 million for 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 company’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 earned ($0.46) earnings per share. Equities research analysts predict that Roblox Co. will post -1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Roblox

A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in shares of Roblox by 195.1% in the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock worth $357,043,000 after buying an additional 5,162,833 shares during the last quarter. Vanguard Group Inc. raised its stake in Roblox by 10.4% during the first 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 bought a new position in Roblox during the 4th quarter worth approximately $216,194,000. Ieq Capital LLC grew its position in shares of Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after acquiring an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC raised its position in shares of 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 acquiring an additional 2,488,044 shares in the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on RBLX. BTIG Research boosted their target price on Roblox from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. The Goldman Sachs Group boosted their target price on shares of Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Roth Mkm raised their price target on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Barclays increased their price target on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a research report on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.40.

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.