Roblox Co. (NYSE:RBLX – Get Free Report) insider Manuel Bronstein sold 68,722 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $80.00, for a total value of $5,497,760.00. Following the transaction, the insider now directly owns 582,454 shares in the company, valued at approximately $46,596,320. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Manuel Bronstein also recently made the following trade(s):
- On Monday, February 24th, Manuel Bronstein sold 14,721 shares of Roblox stock. The stock was sold at an average price of $61.10, for a total value of $899,453.10.
Roblox Stock Performance
Shares of RBLX stock traded down $0.11 during trading on Monday, reaching $81.16. 7,473,976 shares of the company’s stock were exchanged, compared to its average volume of 7,729,979. Roblox Co. has a twelve month low of $31.59 and a twelve month high of $82.02. The firm’s fifty day moving average price is $62.73 and its 200-day moving average price is $60.86. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its stake in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roblox during the 1st quarter worth approximately $39,000. Colonial Trust Co SC purchased a new stake in shares of Roblox in the fourth quarter worth $41,000. Finally, Parkside Financial Bank & Trust increased its stake in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. FBN Securities assumed coverage on Roblox in a research report on Friday, March 28th. They set a “sector perform” rating and a $65.00 price target for the company. Barclays lifted their price target on Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research note on Friday, February 7th. Wells Fargo & Company lifted their price objective on Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Morgan Stanley cut their price objective on Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average price target of $68.68.
Get Our Latest Stock Report on RBLX
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.
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