Roblox Corporation (NYSE:RBLX) Insider Sells $14,962,500.00 in Stock

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 150,000 shares of Roblox stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $99.75, for a total transaction of $14,962,500.00. Following the completion of the transaction, the insider now owns 389,489 shares of the company’s stock, valued at $38,851,527.75. The trade was a 27.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, May 27th, Mark Reinstra sold 50,000 shares of Roblox stock. The shares were sold at an average price of $84.64, for a total transaction of $4,232,000.00.
• On Tuesday, May 20th, Mark Reinstra sold 15,852 shares of Roblox stock. The shares were sold at an average price of $80.66, for a total transaction of $1,278,622.32.

Roblox Price Performance

Shares of NYSE:RBLX opened at $102.14 on Friday. The firm’s 50 day moving average price is $79.58 and its 200-day moving average price is $67.57. Roblox Corporation has a twelve month low of $34.62 and a twelve month high of $103.57. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The stock has a market capitalization of $69.28 billion, a PE ratio of -76.22 and a beta of 1.56.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned ($0.43) EPS. The firm’s revenue was up 30.6% compared to the same quarter last year. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its stake in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after buying an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Roblox during the first quarter worth $39,000. Colonial Trust Co SC bought a new stake in shares of Roblox during the fourth quarter worth $41,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wedbush reiterated a “hold” rating on shares of Roblox in a research report on Monday. FBN Securities assumed coverage on shares of Roblox in a report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price objective for the company. Canaccord Genuity Group boosted their price objective on shares of Roblox from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Wells Fargo & Company upped their price target on shares of Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Roblox from $80.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued 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 an average target price of $78.04.

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.