Roblox Co. (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the sale, the insider now directly owns 359,453 shares in the company, valued at approximately $13,188,330.57. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Mark Reinstra also recently made the following trade(s):
- On Wednesday, March 20th, Mark Reinstra sold 4,000 shares of Roblox stock. The shares were sold at an average price of $36.50, for a total value of $146,000.00.
- On Wednesday, February 21st, Mark Reinstra sold 12,531 shares of Roblox stock. The shares were sold at an average price of $40.75, for a total value of $510,638.25.
Roblox Trading Down 2.3 %
Shares of RBLX opened at $35.55 on Friday. The stock has a fifty day moving average of $39.51 and a two-hundred day moving average of $38.75. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $21.01 billion, a PE ratio of -19.01 and a beta of 1.63. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20.
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Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. Roblox's revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.48) EPS. As a group, analysts forecast that Roblox Co. will post -2.1 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in Roblox in the 4th quarter valued at $25,000. Garner Asset Management Corp purchased a new stake in shares of Roblox during the 4th quarter valued at $31,000. 1832 Asset Management L.P. purchased a new stake in shares of Roblox during the 1st quarter valued at $32,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Roblox during the 4th quarter valued at $25,000. Finally, High Net Worth Advisory Group LLC grew its stake in shares of Roblox by 900.0% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company's stock valued at $46,000 after buying an additional 900 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on RBLX. The Goldman Sachs Group upgraded shares of Roblox from a "sell" rating to a "neutral" rating and lifted their price target for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. Needham & Company LLC lifted their price target on shares of Roblox from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. BMO Capital Markets lifted their price target on shares of Roblox from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Barclays upgraded shares of Roblox from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Finally, Wedbush lifted their price target on shares of Roblox from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.25.
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About Roblox
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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.
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