Key Points
- Roblox insider Mark Reinstra sold 5,666 shares at an average price of $44.20, generating $250,437.20. The sale was conducted under a pre-arranged Rule 10b5-1 plan and reduced his position by 1.44%.
- Roblox reported quarterly revenue of $1.47 billion, up 8.3% year over year, and a loss of $0.26 per share, which beat analyst expectations of a $0.34 loss.
- Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $60.79; institutional investors own 94.46% of the company.
Roblox Corporation (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 5,666 shares of the business's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $44.20, for a total value of $250,437.20. Following the transaction, the insider directly owned 386,625 shares of the company's stock, valued at $17,088,825. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Reinstra also recently made the following trade(s):
- On Tuesday, September 8th, Mark Reinstra sold 5,773 shares of Roblox stock. The shares were sold at an average price of $44.80, for a total value of $258,630.40.
- On Thursday, August 20th, Mark Reinstra sold 17,934 shares of Roblox stock. The shares were sold at an average price of $37.96, for a total value of $680,774.64.
- On Wednesday, August 19th, Mark Reinstra sold 6,250 shares of Roblox stock. The shares were sold at an average price of $40.00, for a total transaction of $250,000.00.
Roblox Stock Performance
Shares of Roblox stock opened at $45.68 on Wednesday. The company's 50 day moving average price is $42.19 and its two-hundred day moving average price is $48.09. The firm has a market capitalization of $30.60 billion, a P/E ratio of -31.94 and a beta of 1.47. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. Roblox Corporation has a fifty-two week low of $33.88 and a fifty-two week high of $141.95.
Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.60 billion. During the same period in the prior year, the company earned ($0.41) EPS. Roblox's revenue was up 8.3% compared to the same quarter last year. On average, equities analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on RBLX. Deutsche Bank Aktiengesellschaft downgraded Roblox from a "buy" rating to a "hold" rating and lowered their price objective for the company from $56.00 to $38.00 in a research note on Friday, July 31st. Benchmark lowered shares of Roblox from a "hold" rating to a "sell" rating and set a $33.00 target price on the stock. in a report on Friday, July 31st. Wall Street Zen cut shares of Roblox from a "hold" rating to a "sell" rating in a research report on Saturday. Piper Sandler reiterated a "neutral" rating and set a $47.00 price target (down from $50.00) on shares of Roblox in a report on Friday, July 31st. Finally, Wedbush increased their price objective on Roblox from $40.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $60.79.
Check Out Our Latest Stock Analysis on Roblox
Hedge Funds Weigh In On Roblox
Several hedge funds and other institutional investors have recently bought and sold shares of RBLX. Bangor Savings Bank bought a new position in shares of Roblox in the 3rd quarter worth about $818,000. SkyView Investment Advisors LLC bought a new stake in shares of Roblox during the 2nd quarter valued at about $245,000. National Pension Service grew its stake in Roblox by 34.0% during the second quarter. National Pension Service now owns 1,243,524 shares of the company's stock worth $67,623,000 after purchasing an additional 315,244 shares during the period. NorthRock Partners LLC grew its stake in Roblox by 13.7% during the second quarter. NorthRock Partners LLC now owns 30,413 shares of the company's stock worth $1,654,000 after purchasing an additional 3,660 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Roblox by 18.6% in the second quarter. NewEdge Advisors LLC now owns 16,977 shares of the company's stock worth $923,000 after purchasing an additional 2,662 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.
Roblox Company Profile
(
Get Free Report)
Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.
Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
