Mark Reinstra Sells 50,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the transaction, the insider now owns 281,161 shares of the company’s stock, valued at $18,269,841.78. This trade represents a 15.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00.
• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The shares were sold at an average price of $51.43, for a total value of $847,566.40.

Roblox Trading Down 0.2 %

Shares of RBLX opened at $65.98 on Thursday. The firm’s 50-day moving average is $57.83 and its two-hundred day moving average is $48.21. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $66.86. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $40.09 billion, a P/E ratio of -40.23 and a beta of 1.43.

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

Institutional Trading of Roblox

Hedge funds and other institutional investors have recently bought and sold shares of the company. Simon Quick Advisors LLC boosted its holdings in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the last quarter. Versant Capital Management Inc lifted its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Impact Partnership Wealth LLC boosted its stake in Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after buying an additional 245 shares during the last quarter. GAMMA Investing LLC grew its holdings in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBLX has been the subject of several analyst reports. HSBC began coverage on Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. Raymond James reiterated a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. BTIG Research upped their target price on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler lifted their price target on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.48.

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.