Insider Selling: Roblox (NYSE:RBLX) Insider Sells $261,967.86 in Stock

Roblox Corporation (NYSE:RBLX) insider Mark Reinstra sold 5,071 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $51.66, for a total value of $261,967.86. Following the transaction, the insider owned 381,554 shares of the company’s stock, valued at approximately $19,711,079.64. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Reinstra also recently made the following trade(s):

• On Monday, October 5th, Mark Reinstra sold 5,666 shares of Roblox stock. The shares were sold at an average price of $44.20, for a total value of $250,437.20.
• On Tuesday, September 8th, Mark Reinstra sold 5,773 shares of Roblox stock. The shares were sold at an average price of $44.80, for a total value of $258,630.40.
• On Thursday, August 20th, Mark Reinstra sold 17,934 shares of Roblox stock. The stock was sold at an average price of $37.96, for a total value of $680,774.64.
• On Wednesday, August 19th, Mark Reinstra sold 6,250 shares of Roblox stock. The stock was sold at an average price of $40.00, for a total value of $250,000.00.

Roblox Trading Down 2.9%

Roblox stock traded down $1.49 during midday trading on Friday, reaching $49.93. 5,338,539 shares of the stock traded hands, compared to its average volume of 9,970,259. The company has a 50-day simple moving average of $48.27 and a two-hundred day simple moving average of $51.20. Roblox Corporation has a 12-month low of $33.88 and a 12-month high of $103.78. The firm has a market cap of $33.52 billion, a PE ratio of -36.18 and a beta of 1.45. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 7.82.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 29th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.11. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.63 billion. Roblox had a negative return on equity of 417.56% and a negative net margin of 16.48%. Roblox’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.37) EPS. Research analysts expect that Roblox Corporation will post -1.36 earnings per share for the current fiscal year.

Roblox News Summary

These are some of the RBLX news items that stood out recently:

• Positive Sentiment: Roblox trades at about 4.9 times sales, below its five-year average, which may appeal to investors who believe the platform’s growth prospects remain intact. Is Citi Wrong to Give Up on Roblox? It Trades at 4.9x Sales, Below Its 5-Year Average
• Neutral Sentiment: Insider Mark Reinstra sold 5,071 shares under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 1.31%. The planned sale may be less informative than an unexpected transaction. Roblox insider sells shares
• Negative Sentiment: Citi’s downgrade reflects concerns about Roblox’s growth outlook. A recent analysis also highlighted bookings down 12% despite revenue rising 16%, reinforcing investor attention to demand and growth quality. Citi just downgraded Roblox stock. Here’s why. Bookings down 12%, revenue up 16%—A CPA dissects Roblox

Hedge Funds Weigh In On Roblox

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ieq Capital LLC raised its holdings in Roblox by 1.0% in the third quarter. Ieq Capital LLC now owns 16,746,570 shares of the company’s stock valued at $709,552,000 after acquiring an additional 172,017 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Roblox by 7.5% in the first quarter. Renaissance Technologies LLC now owns 7,126,134 shares of the company’s stock worth $403,054,000 after acquiring an additional 497,625 shares during the last quarter. Amundi lifted its stake in Roblox by 83.7% in the first quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after acquiring an additional 2,631,074 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Roblox by 216.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,992,101 shares of the company’s stock worth $253,885,000 after acquiring an additional 4,098,311 shares in the last quarter. Finally, Amova Asset Management Americas Inc. grew its holdings in Roblox by 17.0% during the 1st quarter. Amova Asset Management Americas Inc. now owns 3,238,160 shares of the company’s stock worth $183,247,000 after acquiring an additional 469,379 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RBLX has been the topic of several recent research reports. TD Cowen cut their target price on shares of Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. Citigroup cut shares of Roblox from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a research report on Friday. Deutsche Bank cut shares of Roblox from a “buy” rating to a “hold” rating and decreased their price target for the company from $56.00 to $38.00 in a research report on Friday, July 31st. BMO Capital Markets downgraded shares of Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 price target for the company. in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their price objective on Roblox from $53.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.04.

Roblox Company Profile

Roblox Corporation operates an online platform where users can create, share and play interactive 3D experiences. The company provides Roblox Studio, a set of tools that creators use to build games and other virtual spaces, as well as services for users to connect and communicate within those experiences. Roblox supports a creator economy through Robux, its virtual currency, which users can use for digital items and purchases in experiences. Eligible creators can earn revenue from their work through purchases and other platform programs.