Roblox Co. (NYSE:RBLX) Insider Mark Reinstra Sells 4,000 Shares

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total transaction of $146,760.00. Following the completion of the sale, the insider now directly owns 359,453 shares of the company’s stock, valued at $13,188,330.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, March 20th, Mark Reinstra sold 4,000 shares of Roblox stock. The stock was sold at an average price of $36.50, for a total transaction of $146,000.00.
• On Wednesday, February 21st, Mark Reinstra sold 12,531 shares of Roblox stock. The stock was sold at an average price of $40.75, for a total transaction of $510,638.25.

Roblox Trading Down 0.6 %

Shares of NYSE RBLX opened at $35.33 on Friday. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20. The company has a 50 day simple moving average of $39.32 and a two-hundred day simple moving average of $38.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last announced its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm earned ($0.48) earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts forecast that Roblox Co. will post -2.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBLX. Needham & Company LLC increased their target price on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Benchmark reiterated a “buy” rating and set a $46.00 target price on shares of Roblox in a report on Tuesday, January 23rd. BMO Capital Markets increased their target price on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.25.

Institutional Investors Weigh In On Roblox

Several institutional investors and hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its position in shares of Roblox by 4.2% during the first quarter. Maryland State Retirement & Pension System now owns 36,877 shares of the company’s stock valued at $1,343,000 after acquiring an additional 1,492 shares in the last quarter. Norden Group LLC bought a new stake in shares of Roblox during the first quarter valued at approximately $230,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Roblox by 9.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,493,091 shares of the company’s stock valued at $324,266,000 after acquiring an additional 764,481 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Roblox by 98.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after acquiring an additional 548 shares in the last quarter. Finally, Roberts Wealth Advisors LLC bought a new stake in shares of Roblox during the first quarter valued at approximately $1,622,000. Institutional investors own 91.08% of the company’s stock.

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.