Roblox Co. (NYSE:RBLX) Insider Manuel Bronstein Sells 32,695 Shares

Roblox Co. (NYSE:RBLXGet Rating) insider Manuel Bronstein sold 32,695 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $30.34, for a total transaction of $991,966.30. Following the transaction, the insider now owns 839,977 shares in the company, valued at approximately $25,484,902.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

RBLX stock traded up $1.86 on Wednesday, reaching $28.93. 28,264,368 shares of the company’s stock were exchanged, compared to its average volume of 27,471,861. The stock has a fifty day moving average of $38.81 and a 200-day moving average of $67.77. The firm has a market cap of $15.68 billion, a PE ratio of -32.14 and a beta of 2.29. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.74. Roblox Co. has a twelve month low of $21.65 and a twelve month high of $141.60.

Roblox (NYSE:RBLXGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The company had revenue of $631.21 million for the quarter, compared to analyst estimates of $649.48 million. Roblox had a negative return on equity of 89.70% and a negative net margin of 25.01%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company posted ($0.46) EPS. On average, equities research analysts predict that Roblox Co. will post -1.08 EPS for the current fiscal year.

A number of research firms recently commented on RBLX. Truist Financial lowered their price target on Roblox from $70.00 to $36.00 in a research report on Tuesday, May 10th. Daiwa Capital Markets reduced their target price on shares of Roblox from $56.00 to $38.00 in a research note on Tuesday, May 17th. Benchmark cut their price objective on shares of Roblox from $45.00 to $21.00 in a research report on Thursday, May 12th. Atlantic Securities cut shares of Roblox from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Tuesday. Finally, Stifel Nicolaus dropped their price objective on Roblox from $65.00 to $53.00 in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Roblox presently has a consensus rating of “Hold” and an average target price of $53.35.

Institutional investors have recently made changes to their positions in the company. ProVise Management Group LLC increased its stake in shares of Roblox by 1.7% in the fourth quarter. ProVise Management Group LLC now owns 8,577 shares of the company’s stock worth $885,000 after acquiring an additional 144 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Roblox by 4.6% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,424 shares of the company’s stock valued at $353,000 after acquiring an additional 150 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Roblox by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,304 shares of the company’s stock valued at $1,580,000 after acquiring an additional 164 shares during the period. Sepio Capital LP raised its holdings in Roblox by 1.8% during the 4th quarter. Sepio Capital LP now owns 9,500 shares of the company’s stock worth $980,000 after buying an additional 167 shares during the period. Finally, Baystate Wealth Management LLC grew its stake in shares of Roblox by 175.0% during the 4th quarter. Baystate Wealth Management LLC now owns 275 shares of the company’s stock worth $28,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 68.00% of the company’s stock.

About Roblox (Get Rating)

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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