Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 19,525 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 19,525 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,287,478.50. Following the completion of the transaction, the insider now directly owns 339,206 shares of the company’s stock, valued at approximately $22,367,243.64. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00.
• On Thursday, January 16th, Mark Reinstra sold 50,000 shares of Roblox stock. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00.
• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00.
• 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 Up 1.7 %

Roblox stock opened at $66.62 on Friday. The firm has a market cap of $40.48 billion, a PE ratio of -45.95 and a beta of 1.46. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average price is $63.45 and its two-hundred day moving average price is $51.48. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. On average, research analysts predict that Roblox Co. will post -1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. BTIG Research boosted their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Macquarie boosted their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Canaccord Genuity Group boosted their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, CICC Research assumed coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average target price of $64.19.

Institutional Trading of Roblox

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in Roblox in the third quarter worth approximately $27,000. Frazier Financial Advisors LLC grew its position in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc grew its position in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC grew its position in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

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.