Roblox (NYSE:RBLX) Insider Mark Reinstra Sells 60,000 Shares

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 60,000 shares of the business’s stock in a transaction dated 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 directly owned 394,322 shares of the company’s stock, valued at $25,212,948.68. The trade was a 13.21% decrease in their position. The transaction 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 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 Stock Down 4.3%

Roblox stock traded down $2.76 during midday trading on Friday, hitting $61.68. The stock had a trading volume of 3,941,304 shares, compared to its average volume of 13,812,482. The business has a fifty day moving average price of $75.93 and a 200 day moving average price of $104.36. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The stock has a market cap of $40.81 billion, a P/E ratio of -40.00 and a beta of 1.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the business earned ($0.33) EPS. The business’s quarterly revenue was up 122.6% on a year-over-year basis. Research analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. TD Cowen reaffirmed a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. Wolfe Research set a $100.00 target price on shares of Roblox in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a research note on Tuesday, January 20th. UBS Group set a $74.00 price target on Roblox in a research report on Friday, February 6th. Finally, Oppenheimer reduced their price objective on Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.44.

Institutional Trading of Roblox

Several large investors have recently added to or reduced their stakes in RBLX. Norges Bank acquired a new stake in Roblox in the fourth quarter worth approximately $435,424,000. Vanguard Group Inc. increased its position in shares of Roblox by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares during the period. SRS Investment Management LLC bought a new stake in shares of Roblox in the 4th quarter worth $238,065,000. Capital International Investors lifted its holdings in shares of Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after buying an additional 2,184,439 shares during the period. Finally, ValueAct Holdings L.P. boosted its stake in Roblox by 39.5% during the fourth quarter. ValueAct Holdings L.P. now owns 5,975,821 shares of the company’s stock valued at $484,221,000 after buying an additional 1,692,600 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Company Profile

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.