Roblox Co. (NYSE:RBLX) Insider Sells $2,693,728.88 in Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 44,888 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the transaction, the insider now owns 573,266 shares in the company, valued at $34,401,692.66. This represents a 7.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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 transaction of $518,829.40.
• On Monday, November 4th, Manuel Bronstein sold 37,846 shares of Roblox stock. The stock was sold at an average price of $52.03, for a total value of $1,969,127.38.

Roblox Price Performance

Shares of NYSE:RBLX traded down $0.02 during midday trading on Friday, reaching $59.59. 5,792,193 shares of the company’s stock were exchanged, compared to its average volume of 7,662,958. 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 simple moving average is $48.52 and its two-hundred day simple moving average is $42.97. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $61.05. The firm has a market capitalization of $36.20 billion, a PE ratio of -36.34 and a beta of 1.50.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned ($0.45) earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RBLX shares. Morgan Stanley raised Roblox from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $65.00 in a research note on Monday, November 4th. The Goldman Sachs Group lifted their price target 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. Barclays upped their price objective on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Needham & Company LLC lifted 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. Finally, Canaccord Genuity Group raised their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $55.67.

Institutional Trading of Roblox

Large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Roblox in the 3rd quarter worth approximately $533,000. World Investment Advisors LLC bought a new position in Roblox in the 3rd quarter valued at $204,000. Virtu Financial LLC acquired a new position in Roblox in the third quarter worth $2,341,000. Toronto Dominion Bank grew its holdings in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after purchasing an additional 15,333 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Roblox by 5.2% in the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after buying an additional 408,915 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

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.