Mark Reinstra Sells 16,432 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 16,432 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.39, for a total value of $1,008,760.48. Following the transaction, the insider now owns 322,774 shares in the company, valued at $19,815,095.86. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mark Reinstra also recently made the following trade(s):

• On Tuesday, February 11th, Mark Reinstra sold 19,525 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50.
• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00.
• On Thursday, January 16th, Mark Reinstra sold 50,000 shares of Roblox stock. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00.
• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00.

Roblox Price Performance

RBLX stock traded down $1.42 during trading hours on Monday, hitting $61.09. 8,734,942 shares of the stock traded hands, compared to its average volume of 9,248,760. The company has a market cap of $37.82 billion, a P/E ratio of -42.13 and a beta of 1.46. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a 50-day simple moving average of $64.04 and a 200 day simple moving average of $52.57.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Hedge Funds Weigh In On Roblox

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock worth $3,080,449,000 after acquiring an additional 462,450 shares during the period. FMR LLC grew its position in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Ieq Capital LLC raised its position in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after buying an additional 3,507,901 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after buying an additional 240,565 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RBLX. Macquarie raised their price target on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Barclays cut their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Raymond James restated a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a report on Friday, November 22nd. Needham & Company LLC increased their target price on Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $64.19.

About Roblox

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.