Roblox Co. (NYSE:RBLX) Insider Mark Reinstra Sells 19,525 Shares

Roblox Co. (NYSE:RBLX - Get Free Report) insider Mark Reinstra sold 19,525 shares of Roblox stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the sale, the insider now directly owns 339,206 shares of the company's stock, valued at $22,367,243.64. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were sold at an average price of $65.89, for a total transaction of $1,581,360.00.
• On Thursday, January 16th, Mark Reinstra sold 50,000 shares of Roblox stock. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00.
• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00.
• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total transaction of $847,566.40.

Roblox Trading Up 1.7 %

Shares of RBLX stock traded up $1.09 during mid-day trading on Friday, reaching $66.62. 6,355,233 shares of the company's stock traded hands, compared to its average volume of 9,327,394. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company's 50-day moving average price is $63.45 and its 200-day moving average price is $51.56.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, equities analysts predict that Roblox Co. will post -1.4 EPS for the current year.

Hedge Funds Weigh In On Roblox

Several large investors have recently modified their holdings of the stock. FMR LLC raised its position in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after buying an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. ValueAct Holdings L.P. grew its stake in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after acquiring an additional 4,406,885 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after acquiring an additional 3,507,901 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

RBLX has been the subject of several research reports. Piper Sandler restated an "overweight" rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. BTIG Research raised their price objective on shares of Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, November 1st. CICC Research assumed coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating on the stock. Finally, BMO Capital Markets reissued an "outperform" rating and set a $62.00 price target (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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.