Mark Reinstra Sells 34,320 Shares of Roblox (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLXGet Free Report) insider Mark Reinstra sold 34,320 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,493,348.00. Following the completion of the sale, the insider owned 454,322 shares in the company, valued at $33,006,493.30. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, November 20th, Mark Reinstra sold 16,782 shares of Roblox stock. The stock was sold at an average price of $95.24, for a total transaction of $1,598,317.68.

Roblox Price Performance

Roblox stock traded down $2.90 during midday trading on Wednesday, reaching $69.04. The company’s stock had a trading volume of 11,712,922 shares, compared to its average volume of 14,920,194. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The business has a 50-day simple moving average of $80.34 and a 200-day simple moving average of $107.08. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLXGet Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 311.88% and a negative net margin of 21.78%.The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the business posted ($0.33) EPS. The business’s revenue for the quarter was up 122.6% on a year-over-year basis. On average, equities analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Trending Headlines about Roblox

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Hedge Funds Weigh In On Roblox

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pilgrim Partners Asia Pte Ltd purchased a new stake in Roblox during the 3rd quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Roblox in the 3rd quarter valued at approximately $37,000. Total Investment Management Inc. acquired a new position in shares of Roblox in the second quarter valued at approximately $29,000. Root Financial Partners LLC purchased a new stake in shares of Roblox during the third quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Roblox by 58.7% during the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Macquarie Infrastructure upped their target price on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Barclays reduced their price target on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Canaccord Genuity Group dropped their price objective on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Raymond James Financial restated an “outperform” rating and set a $165.00 price target (up previously from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus price target of $119.44.

Check Out Our Latest Research Report on RBLX

About Roblox

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Roblox (NYSE:RBLX)

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