Roblox Corporation (NYSE:RBLX) Insider Sells $14,962,500.00 in Stock

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 150,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 389,489 shares of the company’s stock, valued at $38,851,527.75. The trade was a 27.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was 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 stock was sold at an average price of $80.66, for a total value of $1,278,622.32.

Roblox Stock Up 1.5%

RBLX opened at $102.61 on Friday. The company has a market cap of $69.60 billion, a P/E ratio of -76.58 and a beta of 1.56. The business’s 50-day moving average price is $78.68 and its 200-day moving average price is $67.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a 12 month low of $34.62 and a 12 month high of $104.16.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate 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 return on equity of 442.68% and a negative net margin of 22.94%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) earnings per share. On average, equities analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Yousif Capital Management LLC boosted its position in Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after acquiring an additional 245 shares in the last quarter. Empowered Funds LLC boosted its position in Roblox by 24.5% during the 4th quarter. Empowered Funds LLC now owns 9,825 shares of the company’s stock valued at $568,000 after acquiring an additional 1,936 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Roblox by 3.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 172,644 shares of the company’s stock valued at $10,264,000 after acquiring an additional 5,044 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after acquiring an additional 1,971 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Roblox by 1.7% during the 4th quarter. Rhumbline Advisers now owns 748,575 shares of the company’s stock valued at $43,312,000 after acquiring an additional 12,559 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RBLX. Barclays raised their price target on Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on Roblox from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, June 3rd. Benchmark lifted their price objective on Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Canaccord Genuity Group lifted their price objective on Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, Bank of America lifted their price objective on Roblox from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.04.

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.