Roblox (NYSE:RBLX) Insider Mark Reinstra Sells 60,000 Shares

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 60,000 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the sale, the insider directly owned 394,322 shares of the company’s stock, valued at $25,212,948.68. The trade was a 13.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, February 10th, Mark Reinstra sold 34,320 shares of Roblox stock. The stock was sold at an average price of $72.65, for a total transaction of $2,493,348.00.

Roblox Stock Performance

Shares of RBLX opened at $62.97 on Thursday. The company’s 50 day simple moving average is $76.53 and its 200-day simple moving average is $104.63. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The firm has a market cap of $41.67 billion, a PE ratio of -40.60 and a beta of 1.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. Roblox’s revenue was up 122.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.33) earnings per share. As a group, equities analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Hedge Funds Weigh In On Roblox

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after buying an additional 231 shares during the period. Sivia Capital Partners LLC lifted its stake in Roblox by 70.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after purchasing an additional 5,363 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Roblox by 1.9% during the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock valued at $729,000 after purchasing an additional 127 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Roblox in the second quarter worth about $359,000. Finally, Harbour Investments Inc. lifted its position in Roblox by 60.5% during the 2nd quarter. Harbour Investments Inc. now owns 549 shares of the company’s stock worth $58,000 after acquiring an additional 207 shares during the period. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RBLX shares. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on Roblox in a research report on Tuesday, January 20th. UBS Group set a $74.00 target price on Roblox in a report on Friday, February 6th. Citigroup dropped their price target on Roblox from $152.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Oppenheimer reduced their price target on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, Barclays decreased their target price on Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $119.44.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.