Roblox Co. (NYSE:RBLX) Insider Sells $899,453.10 in Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 14,721 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.10, for a total transaction of $899,453.10. Following the completion of the transaction, the insider now owns 598,929 shares in the company, valued at approximately $36,594,561.90. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, December 11th, Manuel Bronstein sold 44,888 shares of Roblox stock. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88.

Roblox Trading Up 5.1 %

NYSE RBLX opened at $63.53 on Friday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm’s fifty day moving average price is $64.11 and its 200 day moving average price is $53.18. The company has a market capitalization of $39.33 billion, a price-to-earnings ratio of -43.82 and a beta of 1.46. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its position in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Frazier Financial Advisors LLC grew its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the last quarter. Colonial Trust Co SC purchased a new position in Roblox during the 4th quarter worth $41,000. Finally, Parkside Financial Bank & Trust grew its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RBLX. HSBC began coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. Citigroup increased their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Morgan Stanley increased their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. Finally, Canaccord Genuity Group increased their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.