Mark Reinstra Sells 50,000 Shares of Roblox Co. (NYSE:RBLX) Stock

Roblox Co. (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $84.64, for a total transaction of $4,232,000.00. Following the completion of the transaction, the insider now owns 389,489 shares of the company's stock, valued at $32,966,348.96. The trade was a 11.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $1,278,622.32.

Roblox Trading Up 1.4%

RBLX traded up $1.18 on Monday, hitting $88.16. The company had a trading volume of 2,469,856 shares, compared to its average volume of 8,660,098. The business's fifty day simple moving average is $67.73 and its 200 day simple moving average is $63.00. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $33.88 and a 12-month high of $88.59. The company has a market cap of $59.80 billion, a PE ratio of -60.77 and a beta of 1.46.

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 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned ($0.43) earnings per share. Roblox's revenue was up 30.6% on a year-over-year basis. Equities research analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Institutional Trading of Roblox

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. FMR LLC lifted its stake in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Ieq Capital LLC increased its stake in Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after buying an additional 2,297,350 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after acquiring an additional 17,312,325 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock worth $504,387,000 after buying an additional 6,007,322 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RBLX. Canaccord Genuity Group lifted their price target on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a research report on Friday, February 7th. Needham & Company LLC reiterated a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. The Goldman Sachs Group increased their target price on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, Citigroup restated a "buy" rating and issued a $100.00 price objective (up from $85.00) on shares of Roblox in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $70.86.

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.