Roblox Co. (NYSE:RBLX) Insider Sells $146,760.00 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 4,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the transaction, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, March 20th, Mark Reinstra sold 4,000 shares of Roblox stock. The stock was sold at an average price of $36.50, for a total value of $146,000.00.
• On Wednesday, February 21st, Mark Reinstra sold 12,531 shares of Roblox stock. The stock was sold at an average price of $40.75, for a total value of $510,638.25.

Roblox Stock Down 2.3 %

Shares of NYSE:RBLX traded down $0.82 during trading on Thursday, hitting $35.55. The stock had a trading volume of 5,763,178 shares, compared to its average volume of 7,566,839. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a market capitalization of $21.01 billion, a PE ratio of -18.96 and a beta of 1.63. The firm’s fifty day moving average is $39.69 and its 200 day moving average is $38.78. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last announced its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company earned ($0.48) EPS. The business’s revenue was up 25.3% compared to the same quarter last year. Analysts anticipate that Roblox Co. will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBLX. Bank of New York Mellon Corp increased its position in Roblox by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock valued at $36,481,000 after buying an additional 39,203 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Roblox by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock valued at $860,000 after buying an additional 1,361 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Roblox by 949.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock valued at $928,000 after buying an additional 18,150 shares in the last quarter. BlackRock Inc. increased its position in Roblox by 265.4% during the 1st quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock valued at $14,390,000 after buying an additional 226,029 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in Roblox by 62.0% during the 1st quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock valued at $4,277,000 after buying an additional 35,412 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of research reports. BMO Capital Markets upped their price objective on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Benchmark reiterated a “buy” rating and issued a $46.00 price objective on shares of Roblox in a report on Tuesday, January 23rd. Needham & Company LLC upped their price objective on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Finally, The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $46.25.

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.