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

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

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

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

Roblox Stock Down 3.8%

Roblox stock opened at $62.01 on Friday. The firm has a market capitalization of $41.02 billion, a price-to-earnings ratio of -40.00 and a beta of 1.63. The company’s 50 day simple moving average is $75.41 and its 200 day simple moving average is $103.88. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59.

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

Institutional Trading of Roblox

Institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Roblox in the 4th quarter valued at $435,424,000. Vanguard Group Inc. grew its holdings in shares of Roblox by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after acquiring an additional 3,284,073 shares in the last quarter. SRS Investment Management LLC bought a new position in shares of Roblox in the 4th quarter valued at about $238,065,000. Capital International Investors increased its position in shares of Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after acquiring an additional 2,184,439 shares during the last quarter. Finally, ValueAct Holdings L.P. raised its holdings in Roblox by 39.5% during the fourth quarter. ValueAct Holdings L.P. now owns 5,975,821 shares of the company’s stock worth $484,221,000 after acquiring an additional 1,692,600 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of a number of research analyst reports. Roth Mkm raised Roblox from a “neutral” rating to a “buy” rating and raised their price target for the stock from $78.00 to $84.00 in a research report on Monday, February 9th. Canaccord Genuity Group dropped their target price on shares of Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Freedom Capital raised shares of Roblox from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Citigroup lowered their price objective on shares of Roblox from $152.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Wells Fargo & Company set a $97.00 price objective on shares of Roblox in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.44.

Roblox Company Profile

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.