Insider Selling: Roblox Co. (NYSE:RBLX) Insider Sells $692,100.00 in Stock

Roblox Co. (NYSE:RBLX) insider Manuel Bronstein sold 15,380 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $45.00, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 712,105 shares in the company, valued at $32,044,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 Stock Performance

Shares of RBLX opened at $45.87 on Friday. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The stock has a market capitalization of $27.45 billion, a P/E ratio of -24.66 and a beta of 1.60. The firm’s 50 day moving average is $41.20 and its 200-day moving average is $38.16. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.07. The company had revenue of $893.50 million for the quarter, compared to analysts’ expectations of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The firm’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.46) earnings per share. Equities research analysts anticipate that Roblox Co. will post -1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on RBLX. BTIG Research lifted their target price on Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Needham & Company LLC increased their target price on Roblox from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Macquarie raised their target price on Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wolfe Research initiated coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Wedbush reissued an “outperform” rating and set a $46.00 target price on shares of Roblox in a research note on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued 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 $44.40.

Hedge Funds Weigh In On Roblox

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in Roblox by 195.1% during the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock valued at $357,043,000 after buying an additional 5,162,833 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after acquiring an additional 4,818,022 shares in the last quarter. Norges Bank acquired a new position in Roblox in the 4th quarter worth approximately $216,194,000. Ieq Capital LLC grew its position in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after purchasing an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC raised its stake in Roblox by 26.9% during the 2nd 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 period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.