Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 37,846 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 37,846 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.03, for a total transaction of $1,969,127.38. Following the transaction, the insider now directly owns 674,259 shares in the company, valued at approximately $35,081,695.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Manuel Bronstein also recently made the following trade(s):

• On Wednesday, September 11th, Manuel Bronstein sold 15,380 shares of Roblox stock. The shares were sold at an average price of $45.00, for a total value of $692,100.00.
• On Monday, September 9th, Manuel Bronstein sold 40,739 shares of Roblox stock. The shares were sold at an average price of $45.00, for a total transaction of $1,833,255.00.

Roblox Stock Up 3.3 %

NYSE:RBLX traded up $1.68 during mid-day trading on Wednesday, reaching $52.86. The stock had a trading volume of 8,568,843 shares, compared to its average volume of 7,482,625. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $32.12 billion, a price-to-earnings ratio of -32.26 and a beta of 1.56. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $53.07. The stock’s 50 day simple moving average is $43.93 and its two-hundred day simple moving average is $39.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.45) EPS. Equities analysts anticipate that Roblox Co. will post -1.58 EPS for the current year.

Hedge Funds Weigh In On Roblox

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in Roblox during the 3rd quarter worth about $27,000. PARK CIRCLE Co acquired a new stake in shares of Roblox during the second quarter worth approximately $30,000. Strategic Financial Concepts LLC purchased a new position in Roblox during the second quarter valued at approximately $33,000. Gilliland Jeter Wealth Management LLC boosted its stake in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares during the period. Finally, Washington Trust Advisors Inc. purchased a new position in shares of Roblox during the 1st quarter valued at $39,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $49.00 target price on shares of Roblox in a research note on Friday, October 25th. Benchmark lifted their price objective on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

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.