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

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 16,432 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 322,774 shares of the company’s stock, valued at approximately $19,815,095.86. This represents a 4.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 value of $1,287,478.50.
• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were 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 value 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 value of $1,434,000.00.

Roblox Stock Down 2.3 %

Roblox stock opened at $61.09 on Tuesday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm has a market capitalization of $37.82 billion, a price-to-earnings ratio of -42.13 and a beta of 1.46. The stock’s fifty day moving average is $64.03 and its two-hundred day moving average is $52.74.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Roblox

Hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares during the period. Wealthfront Advisers LLC increased its position 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 valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. ValueAct Holdings L.P. lifted its holdings in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after buying an additional 4,406,885 shares during the last quarter. Finally, Durable Capital Partners LP acquired a new stake in shares of Roblox during the fourth quarter worth $246,560,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Needham & Company LLC boosted their target price on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating on the stock. Wedbush reissued an “outperform” rating and set a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. Finally, Barclays dropped their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.