Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 44,888 Shares of Stock

Roblox Co. (NYSE:RBLX - Get Free Report) insider Manuel Bronstein sold 44,888 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total value of $2,693,728.88. Following the completion of the transaction, the insider now owns 573,266 shares in the company, valued at approximately $34,401,692.66. This trade represents a 7.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 22nd, Manuel Bronstein sold 10,492 shares of Roblox stock. The stock was sold at an average price of $49.45, for a total value of $518,829.40.
• 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 value of $1,969,127.38.

Roblox Trading Down 0.0 %

RBLX traded down $0.02 during trading on Friday, reaching $59.59. The company had a trading volume of 5,792,193 shares, compared to its average volume of 7,662,958. The firm's 50-day simple moving average is $48.52 and its 200 day simple moving average is $42.97. 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 has a market cap of $36.20 billion, a price-to-earnings ratio of -36.34 and a beta of 1.50. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $61.05.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted ($0.45) earnings per share. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Institutional Trading of Roblox

Hedge funds have recently modified their holdings of the business. ValueAct Holdings L.P. lifted its position in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after buying an additional 7,835,921 shares in the last quarter. FMR LLC raised its holdings in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after acquiring an additional 4,115,286 shares in the last quarter. Dragoneer Investment Group LLC boosted its position in Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Whale Rock Capital Management LLC purchased a new position in Roblox in the third quarter valued at about $107,491,000. Finally, Greenvale Capital LLP acquired a new position in Roblox in the 2nd quarter worth about $89,304,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on RBLX shares. JPMorgan Chase & Co. increased their price objective on shares of Roblox from $51.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. HSBC began coverage on shares of Roblox in a research report on Thursday. They set a "buy" rating and a $63.00 price target on the stock. Citigroup upped their price objective on Roblox from $53.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Wedbush reiterated an "outperform" rating and issued a $49.00 price target on shares of Roblox in a report on Friday, October 25th. Finally, Barclays raised their price target on shares of Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $55.67.

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.

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