Roblox Corporation (NYSE:RBLX) Insider Mark Reinstra Sells 150,000 Shares of Stock

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 150,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $99.75, for a total value of $14,962,500.00. Following the completion of the sale, the insider now owns 389,489 shares in the company, valued at approximately $38,851,527.75. The trade was a 27.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, May 27th, Mark Reinstra sold 50,000 shares of Roblox stock. The shares were sold at an average price of $84.64, for a total value of $4,232,000.00.
• On Tuesday, May 20th, Mark Reinstra sold 15,852 shares of Roblox stock. The shares were sold at an average price of $80.66, for a total value of $1,278,622.32.

Roblox Price Performance

Shares of RBLX stock opened at $102.61 on Thursday. The company has a market cap of $69.60 billion, a P/E ratio of -76.58 and a beta of 1.56. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50-day moving average is $77.75 and its 200 day moving average is $66.88. Roblox Corporation has a 1-year low of $34.62 and a 1-year high of $103.03.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.43) EPS. Research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup reissued an “overweight” rating on shares of Roblox in a research note on Monday. Wells Fargo & Company lifted their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Barclays upped their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating on shares of Roblox in a research note on Friday, May 2nd. Finally, Benchmark increased their price objective on Roblox from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.04.

Hedge Funds Weigh In On Roblox

Several institutional investors and hedge funds have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd boosted its position in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after acquiring an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox during the first quarter worth about $39,000. Colonial Trust Co SC purchased a new stake in shares of Roblox during the fourth quarter worth about $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

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.