Manuel Bronstein Sells 26,798 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX - Get Free Report) insider Manuel Bronstein sold 26,798 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $90.20, for a total transaction of $2,417,179.60. Following the completion of the sale, the insider now owns 468,486 shares in the company, valued at approximately $42,257,437.20. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 2nd, Manuel Bronstein sold 24,335 shares of Roblox stock. The stock was sold at an average price of $90.00, for a total transaction of $2,190,150.00.
• On Thursday, May 22nd, Manuel Bronstein sold 22,513 shares of Roblox stock. The stock was sold at an average price of $82.01, for a total value of $1,846,291.13.
• On Tuesday, May 20th, Manuel Bronstein sold 40,322 shares of Roblox stock. The stock was sold at an average price of $80.66, for a total value of $3,252,372.52.
• On Thursday, May 15th, Manuel Bronstein sold 68,722 shares of Roblox stock. The stock was sold at an average price of $80.00, for a total value of $5,497,760.00.

Roblox Trading Up 1.9%

RBLX stock traded up $1.83 during mid-day trading on Friday, hitting $96.03. 8,936,179 shares of the company were exchanged, compared to its average volume of 7,814,577. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The business has a fifty day simple moving average of $70.28 and a 200-day simple moving average of $63.95. Roblox Co. has a 12-month low of $34.41 and a 12-month high of $96.24. The firm has a market capitalization of $65.14 billion, a P/E ratio of -66.30 and a beta of 1.56.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.43) earnings per share. On average, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Canaccord Genuity Group increased their target price on shares of Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, Macquarie upped their price objective on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus price target of $74.91.

Hedge Funds Weigh In On Roblox

Large investors have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd lifted its position in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the period. Larson Financial Group LLC grew its holdings in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after acquiring an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox during the first quarter worth $39,000. Colonial Trust Co SC purchased a new position in Roblox in the fourth quarter worth $41,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

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.