Roblox Co. (NYSE:RBLX) Insider Manuel Bronstein Sells 22,513 Shares

Roblox Co. (NYSE:RBLX - Get Free Report) insider Manuel Bronstein sold 22,513 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $82.01, for a total transaction of $1,846,291.13. Following the transaction, the insider now directly owns 519,619 shares in the company, valued at $42,613,954.19. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 shares were sold at an average price of $80.00, for a total transaction of $5,497,760.00.

Roblox Price Performance

NYSE RBLX traded up $2.21 on Friday, reaching $87.00. The company's stock had a trading volume of 14,077,010 shares, compared to its average volume of 7,757,641. Roblox Co. has a 52 week low of $32.70 and a 52 week high of $87.10. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market cap of $54.81 billion, a PE ratio of -60.00 and a beta of 1.46. The business has a 50-day moving average price of $67.23 and a 200 day moving average price of $62.64.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned ($0.43) earnings per share. The company's quarterly revenue was up 30.6% on a year-over-year basis. Sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Citigroup restated a "buy" rating and set a $100.00 target price (up previously from $85.00) on shares of Roblox in a research note on Thursday. Morgan Stanley dropped their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Benchmark increased their price objective on Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.86.

Institutional Trading of Roblox

Institutional investors have recently bought and sold shares of the stock. Smith Group Asset Management LLC lifted its holdings in shares of Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after acquiring an additional 62,390 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of Roblox during the 4th quarter worth about $363,000. Silicon Valley Capital Partners lifted its holdings in Roblox by 3,010.0% during the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock valued at $3,998,000 after purchasing an additional 66,882 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after buying an additional 1,971 shares in the last quarter. Finally, Amundi boosted its position in Roblox by 111.4% in the fourth quarter. Amundi now owns 3,191,137 shares of the company's stock valued at $198,010,000 after buying an additional 1,681,263 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

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.