Mark Reinstra Sells 150,000 Shares of Roblox Corporation (NYSE:RBLX) Stock

Roblox Corporation (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 150,000 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $99.75, for a total value of $14,962,500.00. Following the completion of the transaction, the insider now directly owns 389,489 shares of the company's stock, valued at approximately $38,851,527.75. This trade represents a 27.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 27th, Mark Reinstra sold 50,000 shares of Roblox stock. The shares were sold at an average price of $84.64, for a total value of $4,232,000.00.
• On Tuesday, May 20th, Mark Reinstra sold 15,852 shares of Roblox stock. The shares were sold at an average price of $80.66, for a total transaction of $1,278,622.32.

Roblox Trading Up 1.5%

NYSE RBLX traded up $1.49 during trading on Wednesday, hitting $102.61. The stock had a trading volume of 8,859,132 shares, compared to its average volume of 7,942,503. Roblox Corporation has a one year low of $34.62 and a one year high of $103.01. The stock has a 50 day simple moving average of $76.84 and a 200 day simple moving average of $66.64. The stock has a market capitalization of $69.60 billion, a price-to-earnings ratio of -76.58 and a beta of 1.56. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned ($0.43) EPS. Roblox's quarterly revenue was up 30.6% compared to the same quarter last year. Sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Institutional Trading of Roblox

Several institutional investors and hedge funds have recently made changes to their positions in RBLX. V Square Quantitative Management LLC increased its holdings in Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after purchasing an additional 1,971 shares during the period. NewSquare Capital LLC grew its position in shares of Roblox by 2.7% during the 1st quarter. NewSquare Capital LLC now owns 115,121 shares of the company's stock worth $6,710,000 after buying an additional 3,065 shares in the last quarter. Amundi grew its position in shares of Roblox by 111.4% during the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock worth $198,010,000 after buying an additional 1,681,263 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Roblox by 101.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company's stock valued at $40,762,000 after buying an additional 355,270 shares during the period. Finally, Azzad Asset Management Inc. ADV bought a new stake in shares of Roblox in the first quarter valued at about $280,000. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Macquarie raised their target price on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Benchmark boosted their target price on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company lifted their price objective on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and set a $105.00 target price (up from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Finally, Roth Mkm raised their target price on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.04.

Roblox Company Profile

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.

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