Roblox Co. (NYSE:RBLX – Get Rating) insider Mark Reinstra sold 11,278 shares of Roblox stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $39.63, for a total transaction of $446,947.14. Following the completion of the sale, the insider now owns 332,308 shares of the company’s stock, valued at $13,169,366.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mark Reinstra also recently made the following trade(s):
- On Thursday, February 23rd, Mark Reinstra sold 12,500 shares of Roblox stock. The shares were sold at an average price of $36.99, for a total transaction of $462,375.00.
Roblox Stock Performance
Shares of NYSE:RBLX opened at $39.51 on Friday. Roblox Co. has a 12 month low of $23.88 and a 12 month high of $53.88. The company’s 50-day moving average price is $40.97 and its two-hundred day moving average price is $36.77. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.15 and a quick ratio of 1.15.
Institutional Investors Weigh In On Roblox
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Needham & Company LLC reduced their price objective on shares of Roblox from $53.00 to $48.00 in a research note on Thursday, May 11th. Wedbush upped their target price on shares of Roblox from $32.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. Morgan Stanley upped their target price on shares of Roblox from $24.00 to $26.00 and gave the company an “underweight” rating in a research note on Thursday, February 16th. Piper Sandler upped their target price on shares of Roblox from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, February 16th. Finally, Benchmark upgraded shares of Roblox from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Thursday, May 11th. Seven analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.22.
Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.
- Get a free copy of the StockNews.com research report on Roblox (RBLX)
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