Roblox Co. (NYSE:RBLX) Insider Sells $2,693,728.88 in Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 44,888 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the completion of the transaction, the insider now owns 573,266 shares of the company’s stock, valued at $34,401,692.66. This trade represents a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, November 22nd, Manuel Bronstein sold 10,492 shares of Roblox stock. The stock was sold at an average price of $49.45, for a total transaction of $518,829.40.
• On Monday, November 4th, Manuel Bronstein sold 37,846 shares of Roblox stock. The stock was sold at an average price of $52.03, for a total transaction of $1,969,127.38.

Roblox Price Performance

Shares of RBLX opened at $59.60 on Monday. The company has a market capitalization of $36.21 billion, a P/E ratio of -36.34 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a 50 day moving average of $48.88 and a 200 day moving average of $43.30. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $61.05.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.45) EPS. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BTIG Research upped their price target on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC upped their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Macquarie upped their price target on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.67.

Institutional Investors Weigh In On Roblox

Large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Roblox during the 3rd quarter worth $533,000. World Investment Advisors LLC purchased a new position in shares of Roblox during the 3rd quarter valued at $204,000. Virtu Financial LLC purchased a new position in shares of Roblox during the 3rd quarter valued at $2,341,000. Toronto Dominion Bank lifted its stake in shares of Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after buying an additional 15,333 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after buying an additional 408,915 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

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.