Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells 37,846 Shares of Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 37,846 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.03, for a total value of $1,969,127.38. Following the completion of the sale, the insider now owns 674,259 shares in the company, valued at approximately $35,081,695.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 value of $692,100.00.
• On Monday, September 9th, Manuel Bronstein sold 40,739 shares of Roblox stock. The shares were sold at an average price of $45.00, for a total transaction of $1,833,255.00.

Roblox Price Performance

Shares of Roblox stock traded up $1.68 during mid-day trading on Wednesday, reaching $52.86. 8,568,843 shares of the stock were exchanged, compared to its average volume of 7,482,625. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market cap of $32.12 billion, a price-to-earnings ratio of -32.26 and a beta of 1.56. The firm has a 50-day simple moving average of $43.93 and a 200 day simple moving average of $39.59. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $53.07.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned ($0.45) earnings per share. On average, sell-side analysts predict that Roblox Co. will post -1.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

A number of hedge funds and other institutional investors have recently bought and sold shares of RBLX. V Square Quantitative Management LLC bought a new stake in Roblox in the 3rd quarter valued at about $27,000. PARK CIRCLE Co acquired a new position in shares of Roblox during the second quarter valued at about $30,000. Strategic Financial Concepts LLC bought a new position in shares of Roblox in the 2nd quarter worth $33,000. Gilliland Jeter Wealth Management LLC raised its position in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in Roblox in the first quarter valued at about $39,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday. Canaccord Genuity Group raised their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Raymond James lifted their price objective on shares of Roblox from $51.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 31st. Finally, Wolfe Research initiated coverage on shares of Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.