Key Points
- Roblox insider Mark Reinstra sold 5,071 shares at an average $51.66, totaling about $262,000, under a pre-arranged Rule 10b5-1 plan. He retained 381,554 shares after the sale.
- Roblox reported quarterly revenue of $1.57 billion, up 15.6% year over year, but it came in below analysts’ $1.63 billion estimate; its loss per share was narrower than expected.
- Analysts’ consensus rating was Hold, with an average price target of $53.04. The shares opened at $51.45, near their 200-day moving average of $51.31.
Roblox Corporation (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 5,071 shares of Roblox stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $51.66, for a total transaction of $261,967.86. Following the completion of the transaction, the insider owned 381,554 shares of the company's stock, valued at $19,711,079.64. The trade was a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Monday, October 5th, Mark Reinstra sold 5,666 shares of Roblox stock. The shares were sold at an average price of $44.20, for a total transaction of $250,437.20.
- 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 transaction of $258,630.40.
- On Thursday, August 20th, Mark Reinstra sold 17,934 shares of Roblox stock. The stock was sold at an average price of $37.96, for a total transaction 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 Down 2.2%
Roblox stock opened at $51.45 on Friday. The firm has a 50 day simple moving average of $48.10 and a 200 day simple moving average of $51.31. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 7.82. Roblox Corporation has a 1-year low of $33.88 and a 1-year high of $104.21. The firm has a market capitalization of $34.54 billion, a price-to-earnings ratio of -37.28 and a beta of 1.45.
Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.11. Roblox had a negative return on equity of 417.56% and a negative net margin of 16.48%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the business posted ($0.37) earnings per share. The business's quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts predict that Roblox Corporation will post -1.36 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Jackson Thornton Wealth Management LLC lifted its holdings in shares of Roblox by 38.9% during the 3rd quarter. Jackson Thornton Wealth Management LLC now owns 11,065 shares of the company's stock worth $469,000 after acquiring an additional 3,100 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Roblox in the third quarter worth $360,000. Private Wealth Asset Management LLC bought a new position in Roblox in the third quarter valued at $811,000. Westpac Banking Corp increased its stake in Roblox by 108.4% in the third quarter. Westpac Banking Corp now owns 18,573 shares of the company's stock valued at $787,000 after acquiring an additional 9,662 shares during the last quarter. Finally, Creek Drive Management Group LLC increased its stake in Roblox by 14.1% in the third quarter. Creek Drive Management Group LLC now owns 42,200 shares of the company's stock valued at $1,788,000 after acquiring an additional 5,200 shares during the last quarter. Institutional investors own 94.46% of the company's stock.
Analyst Ratings Changes
RBLX has been the topic of a number of recent research reports. Bank of America increased their price objective on Roblox from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, September 14th. Piper Sandler restated a "neutral" rating and issued a $47.00 target price (down from $50.00) on shares of Roblox in a research note on Friday, July 31st. Barclays reduced their target price on Roblox from $60.00 to $47.00 and set an "equal weight" rating for the company in a report on Monday, August 3rd. Canaccord Genuity Group set a $58.00 price target on Roblox in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Roblox from $53.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $53.04.
Get Our Latest Stock Analysis on RBLX
About Roblox
(
Get Free Report)
Roblox Corporation operates an online platform where users can create, share and play interactive 3D experiences. The company provides Roblox Studio, a set of tools that creators use to build games and other virtual spaces, as well as services for users to connect and communicate within those experiences. Roblox supports a creator economy through Robux, its virtual currency, which users can use for digital items and purchases in experiences. Eligible creators can earn revenue from their work through purchases and other platform programs.
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