Insider Selling: Roblox (NYSE:RBLX) Insider Sells 5,666 Shares of Stock

Key Points

• Roblox insider Mark Reinstra sold 5,666 shares at an average price of $44.20, generating $250,437.20. The sale, conducted under a Rule 10b5-1 plan, reduced his ownership by 1.44% to 386,625 shares.
• Roblox shares rose 2.5% to $45.68 during midday trading, giving the company a market capitalization of approximately $30.6 billion. The stock remains well below its one-year high of $141.95.
• The company exceeded quarterly EPS expectations but reported revenue below forecasts, while analysts maintain a consensus “Hold” rating with a $60.79 price target. Institutional investors own 94.46% of the outstanding shares.

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 5,666 shares of the company's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $44.20, for a total transaction of $250,437.20. Following the sale, the insider owned 386,625 shares of the company's stock, valued at $17,088,825. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Mark Reinstra sold 5,773 shares of Roblox stock. The shares were sold at an average price of $44.80, for a total transaction of $258,630.40.
• On Thursday, August 20th, Mark Reinstra sold 17,934 shares of Roblox stock. The stock was sold at an average price of $37.96, for a total transaction of $680,774.64.
• On Wednesday, August 19th, Mark Reinstra sold 6,250 shares of Roblox stock. The shares were sold at an average price of $40.00, for a total transaction of $250,000.00.

Roblox Trading Up 2.5%

Shares of NYSE:RBLX traded up $1.10 during midday trading on Tuesday, hitting $45.68. 10,811,058 shares of the stock traded hands, compared to its average volume of 11,855,724. The stock has a market capitalization of $30.60 billion, a PE ratio of -31.94 and a beta of 1.47. The business's 50 day moving average is $42.26 and its two-hundred day moving average is $48.18. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 7.82. Roblox Corporation has a one year low of $33.88 and a one year high of $141.95.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same period last year, the firm earned ($0.41) earnings per share. Roblox's quarterly revenue was up 8.3% on a year-over-year basis. As a group, research analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current year.

Institutional Trading of Roblox

A number of hedge funds have recently made changes to their positions in the stock. LM Advisors LLC bought a new position in shares of Roblox during the fourth quarter valued at $35,000. Hanson & Doremus Investment Management purchased a new position in shares of Roblox in the 1st quarter worth about $25,000. Basecamp Wealth Advisors LLC boosted its stake in Roblox by 98.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company's stock worth $29,000 after purchasing an additional 252 shares in the last quarter. Root Financial Partners LLC grew its position in Roblox by 100.7% during the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company's stock valued at $32,000 after purchasing an additional 283 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Roblox during the 1st quarter valued at about $33,000. 94.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RBLX shares. Citigroup reduced their target price on Roblox from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Raymond James Financial reaffirmed a "buy" rating on shares of Roblox in a research note on Friday, September 11th. Deutsche Bank Aktiengesellschaft cut shares of Roblox from a "buy" rating to a "hold" rating and cut their price target for the company from $56.00 to $38.00 in a report on Friday, July 31st. Cantor Fitzgerald initiated coverage on shares of Roblox in a report on Monday, June 29th. They issued an "overweight" rating for the company. Finally, UBS Group set a $40.00 target price on shares of Roblox in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Roblox has a consensus rating of "Hold" and a consensus price target of $60.79.

Roblox Company Profile

Roblox Corporation NYSE: RBLX operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.

Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.

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