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

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 44,888 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 573,266 shares in the company, valued at $34,401,692.66. The trade was a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 transaction of $1,969,127.38.

Roblox Price Performance

NYSE RBLX opened at $59.59 on Friday. The stock has a market capitalization of $36.20 billion, a P/E ratio of -36.34 and a beta of 1.50. 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 business’s fifty day moving average is $48.88 and its two-hundred day moving average is $43.16. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $61.05.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted ($0.45) earnings per share. Roblox’s revenue was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RBLX. The Goldman Sachs Group lifted their price objective on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Piper Sandler lifted their target price on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.67.

Hedge Funds Weigh In On Roblox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swedbank AB raised its position in Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after buying an additional 285 shares during the period. Coronation Fund Managers Ltd. acquired a new stake in shares of Roblox during the second quarter worth approximately $2,663,000. Blue Trust Inc. grew its position in Roblox by 1,836.5% during the second quarter. Blue Trust Inc. now owns 3,931 shares of the company’s stock valued at $150,000 after purchasing an additional 3,728 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Roblox by 17.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,984,817 shares of the company’s stock valued at $371,535,000 after buying an additional 1,491,726 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Roblox by 44.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,593 shares of the company’s stock worth $96,000 after buying an additional 804 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

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.