Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells $1,278,622.32 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 15,852 shares of Roblox stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total transaction of $1,278,622.32. Following the completion of the sale, the insider now owns 389,489 shares of the company’s stock, valued at $31,416,182.74. This trade represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Roblox Stock Up 0.6%

RBLX opened at $82.26 on Friday. Roblox Co. has a fifty-two week low of $32.30 and a fifty-two week high of $83.04. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market capitalization of $51.82 billion, a P/E ratio of -56.73 and a beta of 1.46. The stock has a fifty day moving average of $65.26 and a 200-day moving average of $61.84.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned ($0.43) earnings per share. The company’s revenue was up 30.6% on a year-over-year basis. On average, equities analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Institutional Investors Weigh In On Roblox

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. FMR LLC raised its stake in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Ieq Capital LLC lifted its position in Roblox by 13.8% during the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares during the period. Wealthfront Advisers LLC lifted its position in Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Finally, AQR Capital Management LLC lifted its position in Roblox by 217.4% during the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock worth $504,387,000 after purchasing an additional 6,007,322 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RBLX shares. Benchmark boosted their price objective on shares of Roblox from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Roth Mkm boosted their price objective on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Piper Sandler restated an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Macquarie boosted their price objective on shares of Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Finally, Canaccord Genuity Group boosted their price objective on shares of Roblox from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $68.68.

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.