Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 10,492 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 10,492 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.45, for a total value of $518,829.40. Following the sale, the insider now directly owns 618,154 shares of the company’s stock, valued at $30,567,715.30. This represents a 1.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 4th, Manuel Bronstein sold 37,846 shares of Roblox stock. The shares were sold at an average price of $52.03, for a total transaction of $1,969,127.38.
• On Wednesday, September 11th, Manuel Bronstein sold 15,380 shares of Roblox stock. The shares were sold at an average price of $45.00, for a total transaction of $692,100.00.
• On Monday, September 9th, Manuel Bronstein sold 40,739 shares of Roblox stock. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00.

Roblox Price Performance

Roblox stock traded down $0.10 during mid-day trading on Tuesday, reaching $49.06. The company had a trading volume of 6,918,249 shares, compared to its average volume of 7,633,297. The business has a fifty day simple moving average of $46.13 and a 200 day simple moving average of $41.22. The company has a market cap of $29.81 billion, a P/E ratio of -29.91 and a beta of 1.56. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned ($0.45) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Roblox Co. will post -1.56 earnings per share for the current year.

Institutional Investors Weigh In On Roblox

A number of institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in Roblox during the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC boosted its holdings in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new stake in Roblox during the 2nd quarter valued at approximately $30,000. Strategic Financial Concepts LLC bought a new position in Roblox during the 2nd quarter worth approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC lifted its position in shares of Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the period. 91.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on RBLX. BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Canaccord Genuity Group lifted their target price on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Benchmark upped their price target on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays lifted their price objective on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Macquarie boosted their price objective on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

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.