Roblox (NYSE:RBLX) Stock: Insider Mark Reinstra Sells 5,071 Shares

Key Points

• Roblox insider Mark Reinstra sold 5,071 shares at an average of $51.66, worth about $262,000, under a pre-arranged Rule 10b5-1 plan. He retained 381,554 shares after the sale.
• Roblox reported quarterly adjusted losses of $0.32 per share, better than analysts’ $0.43 loss estimate, while revenue of $1.57 billion fell short of the $1.63 billion consensus; revenue rose 15.6% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $53.04. Shares traded at $51.45 in the article’s reported session.

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 5,071 shares of the business's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $51.66, for a total value of $261,967.86. Following the transaction, the insider owned 381,554 shares in the company, valued at $19,711,079.64. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Mark Reinstra sold 5,666 shares of Roblox stock. The stock was sold at an average price of $44.20, for a total value of $250,437.20.
• On Tuesday, September 8th, Mark Reinstra sold 5,773 shares of Roblox stock. The stock was sold at an average price of $44.80, for a total value 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 value 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 value of $250,000.00.

Roblox Stock Performance

Shares of NYSE RBLX traded down $1.16 during trading hours on Thursday, reaching $51.45. The stock had a trading volume of 5,166,313 shares, compared to its average volume of 11,693,144. The company has a market cap of $34.54 billion, a price-to-earnings ratio of -37.28 and a beta of 1.45. Roblox Corporation has a twelve month low of $33.88 and a twelve month high of $104.21. The business's fifty day moving average is $47.89 and its two-hundred day moving average is $51.43. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.80 and a quick ratio of 0.80.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.43) by $0.11. Roblox had a negative net margin of 16.48% and a negative return on equity of 417.56%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company earned ($0.37) earnings per share. The business's revenue was up 15.6% compared to the same quarter last year. As a group, research analysts expect that Roblox Corporation will post -1.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RBLX shares. TD Cowen decreased their price objective on Roblox from $49.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, July 31st. Oppenheimer reissued an "outperform" rating and issued a $50.00 target price (down from $82.00) on shares of Roblox in a report on Friday, September 11th. Jefferies Financial Group cut their target price on Roblox from $38.00 to $35.00 and set an "underperform" rating for the company in a research report on Tuesday, November 3rd. Wells Fargo & Company lowered Roblox from an "overweight" rating to a "cautious" rating in a research note on Monday, October 12th. Finally, Roth Capital reiterated a "buy" rating and issued a $84.00 price target (up from $78.00) on shares of Roblox in a research report on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $53.04.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jackson Thornton Wealth Management LLC grew its position in Roblox by 38.9% during the 3rd quarter. Jackson Thornton Wealth Management LLC now owns 11,065 shares of the company's stock worth $469,000 after acquiring an additional 3,100 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Roblox in the 3rd quarter valued at $360,000. Private Wealth Asset Management LLC bought a new position in Roblox in the 3rd quarter valued at $811,000. Westpac Banking Corp boosted its stake in Roblox by 108.4% in the third quarter. Westpac Banking Corp now owns 18,573 shares of the company's stock worth $787,000 after purchasing an additional 9,662 shares in the last quarter. Finally, Creek Drive Management Group LLC boosted its stake in Roblox by 14.1% in the third quarter. Creek Drive Management Group LLC now owns 42,200 shares of the company's stock worth $1,788,000 after purchasing an additional 5,200 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Company Profile

Roblox Corporation operates an online platform where users can create, share and play interactive 3D experiences. The company provides Roblox Studio, a set of tools that creators use to build games and other virtual spaces, as well as services for users to connect and communicate within those experiences. Roblox supports a creator economy through Robux, its virtual currency, which users can use for digital items and purchases in experiences. Eligible creators can earn revenue from their work through purchases and other platform programs.

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