Roblox (NYSE:RBLX) Insider Mark Reinstra Sells 5,071 Shares of Stock

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 5,071 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $51.66, for a total value of $261,967.86. Following the transaction, the insider owned 381,554 shares in the company, valued at $19,711,079.64. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Mark Reinstra sold 5,666 shares of Roblox stock. The shares were sold at an average price of $44.20, for a total transaction of $250,437.20.
• On Tuesday, September 8th, Mark Reinstra sold 5,773 shares of Roblox stock. The shares were sold at an average price of $44.80, for a total transaction of $258,630.40.
• On Thursday, August 20th, Mark Reinstra sold 17,934 shares of Roblox stock. The shares were sold at an average price of $37.96, for a total transaction of $680,774.64.
• On Wednesday, August 19th, Mark Reinstra sold 6,250 shares of Roblox stock. The stock was sold at an average price of $40.00, for a total transaction of $250,000.00.

Roblox Trading Down 2.2%

NYSE:RBLX opened at $51.45 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 7.82. The stock has a market capitalization of $34.54 billion, a price-to-earnings ratio of -37.28 and a beta of 1.45. The firm has a fifty day simple moving average of $48.10 and a two-hundred day simple moving average of $51.31. Roblox Corporation has a 12 month low of $33.88 and a 12 month high of $104.21.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 29th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.11. Roblox had a negative net margin of 16.48% and a negative return on equity of 417.56%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business earned ($0.37) earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. Analysts expect that Roblox Corporation will post -1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank downgraded shares of Roblox from a “buy” rating to a “hold” rating and decreased their target price for the stock from $56.00 to $38.00 in a research report on Friday, July 31st. UBS Group dropped their price target on shares of Roblox from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. B. Riley Financial lifted their price target on Roblox from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. decreased their price objective on Roblox from $53.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Finally, Benchmark lowered Roblox from a “hold” rating to a “sell” rating and set a $33.00 price objective for the company. in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Hold” and a consensus target price of $53.04.

Institutional Trading of Roblox

Hedge funds have recently bought and sold shares of the business. Ieq Capital LLC grew its holdings in Roblox by 1.0% during the third quarter. Ieq Capital LLC now owns 16,746,570 shares of the company’s stock valued at $709,552,000 after purchasing an additional 172,017 shares during the period. Renaissance Technologies LLC raised its stake in shares of Roblox by 7.5% in the first quarter. Renaissance Technologies LLC now owns 7,126,134 shares of the company’s stock valued at $403,054,000 after buying an additional 497,625 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Roblox by 216.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,992,101 shares of the company’s stock valued at $253,885,000 after buying an additional 4,098,311 shares during the last quarter. Amundi lifted its position in shares of Roblox by 83.7% during the 1st quarter. Amundi now owns 5,774,151 shares of the company’s stock valued at $326,586,000 after buying an additional 2,631,074 shares during the last quarter. Finally, Amova Asset Management Americas Inc. lifted its position in shares of Roblox by 17.0% during the 1st quarter. Amova Asset Management Americas Inc. now owns 3,238,160 shares of the company’s stock valued at $183,247,000 after buying an additional 469,379 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

About Roblox

Roblox Corporation operates an online platform where users can create, share and play interactive 3D experiences. The company provides Roblox Studio, a set of tools that creators use to build games and other virtual spaces, as well as services for users to connect and communicate within those experiences. Roblox supports a creator economy through Robux, its virtual currency, which users can use for digital items and purchases in experiences. Eligible creators can earn revenue from their work through purchases and other platform programs.