Insider Selling: Roblox (NYSE:RBLX) Insider Sells 16,782 Shares of Stock

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 16,782 shares of Roblox stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.24, for a total value of $1,598,317.68. Following the completion of the transaction, the insider owned 370,532 shares in the company, valued at $35,289,467.68. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 5th, Mark Reinstra sold 2,401 shares of Roblox stock. The shares were sold at an average price of $104.60, for a total value of $251,144.60.

Roblox Trading Up 1.5%

NYSE:RBLX traded up $1.32 during mid-day trading on Monday, hitting $90.57. The company had a trading volume of 11,920,323 shares, compared to its average volume of 9,408,730. Roblox Corporation has a fifty-two week low of $47.95 and a fifty-two week high of $150.59. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $59.31 billion, a P/E ratio of -63.34 and a beta of 1.61. The business’s fifty day moving average is $121.32 and its two-hundred day moving average is $113.56.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company earned ($0.37) EPS. Roblox’s revenue for the quarter was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BTIG Research lowered their price objective on shares of Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Macquarie lifted their price target on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Raymond James Financial reissued an “outperform” rating and issued a $165.00 price target (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Bank of America increased their price target on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, Cowen reissued a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Hedge Funds Weigh In On Roblox

Several institutional investors have recently made changes to their positions in RBLX. Pilgrim Partners Asia Pte Ltd purchased a new position in Roblox in the 3rd quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Roblox in the 3rd quarter valued at about $37,000. Total Investment Management Inc. purchased a new stake in shares of Roblox during the second quarter worth approximately $29,000. Root Financial Partners LLC purchased a new stake in Roblox during the third quarter worth about $38,000. Finally, Sunbelt Securities Inc. grew its position in shares of Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after purchasing an additional 105 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.