Key Points
- Insider sale: On Feb. 13, insider Mark Reinstra sold 60,000 shares of Roblox at an average price of $63.94 for about $3.84 million, cutting his stake by 13.21% to 394,322 shares; he also sold 34,320 shares on Feb. 10 at $72.65.
- Mixed results and weak stock performance: Roblox reported Q results showing EPS of ($0.45) (beating estimates by $0.04) but revenue of $1.42B missed estimates of $2.08B; the company remains unprofitable and the stock traded near $61.68 (12‑month range $50.10–$150.59).
- Analyst and institutional backdrop: MarketBeat shows a consensus rating of “Moderate Buy” with a $119.44 price target, while institutional investors own ~94.46% of the shares and several funds recently increased positions.
Roblox Corporation (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 60,000 shares of the business's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the completion of the sale, the insider owned 394,322 shares in the company, valued at $25,212,948.68. The trade was a 13.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Mark Reinstra also recently made the following trade(s):
- On Tuesday, February 10th, Mark Reinstra sold 34,320 shares of Roblox stock. The stock was sold at an average price of $72.65, for a total transaction of $2,493,348.00.
Roblox Price Performance
Roblox stock traded down $2.76 during mid-day trading on Friday, hitting $61.68. The company's stock had a trading volume of 3,941,304 shares, compared to its average volume of 13,812,482. The stock has a market capitalization of $40.81 billion, a P/E ratio of -40.00 and a beta of 1.63. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The stock's fifty day moving average price is $75.93 and its two-hundred day moving average price is $104.36. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65.
Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company's revenue was up 122.6% compared to the same quarter last year. During the same period last year, the company posted ($0.33) EPS. Research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.
Institutional Investors Weigh In On Roblox
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wick Capital Partners LLC purchased a new position in shares of Roblox during the 4th quarter valued at $286,000. Corient Private Wealth LLC boosted its position in Roblox by 414.9% during the fourth quarter. Corient Private Wealth LLC now owns 101,171 shares of the company's stock valued at $8,198,000 after purchasing an additional 81,521 shares during the last quarter. Alberta Investment Management Corp grew its stake in Roblox by 24.6% in the fourth quarter. Alberta Investment Management Corp now owns 51,700 shares of the company's stock valued at $4,189,000 after purchasing an additional 10,200 shares in the last quarter. Alpine Woods Capital Investors LLC acquired a new position in Roblox in the 4th quarter worth about $371,000. Finally, Vident Advisory LLC raised its stake in shares of Roblox by 32.0% during the 4th quarter. Vident Advisory LLC now owns 34,924 shares of the company's stock worth $2,830,000 after purchasing an additional 8,460 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on RBLX. The Goldman Sachs Group reduced their price objective on shares of Roblox from $180.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, February 6th. B. Riley Financial assumed coverage on shares of Roblox in a report on Tuesday, December 9th. They set a "buy" rating and a $125.00 price target on the stock. Jefferies Financial Group set a $85.00 price objective on shares of Roblox in a research note on Thursday, January 15th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Roblox in a research report on Monday, December 29th. Finally, Canaccord Genuity Group reduced their target price on Roblox from $160.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.44.
Get Our Latest Analysis on Roblox
About Roblox
(
Get Free Report)
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.
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