Mark Reinstra Sells 24,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the transaction, the insider now owns 278,161 shares in the company, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total transaction of $847,566.40.

Roblox Stock Down 0.8 %

Roblox stock opened at $59.45 on Friday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $61.77. The stock has a market cap of $36.12 billion, a PE ratio of -36.25 and a beta of 1.50. The firm’s 50-day simple moving average is $52.65 and its 200 day simple moving average is $44.92. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned ($0.45) earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RBLX. Canaccord Genuity Group lifted their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Benchmark lifted their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays lifted their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. BTIG Research lifted their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their price target on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBLX. ValueAct Holdings L.P. boosted its stake in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the last quarter. FMR LLC boosted its stake in Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC boosted its stake in Roblox by 26.9% in the second 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 during the last quarter. Whale Rock Capital Management LLC purchased a new position in Roblox in the third quarter valued at about $107,491,000. Finally, Greenvale Capital LLP purchased a new position in Roblox in the second quarter valued at about $89,304,000. 94.46% 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.