Roblox Corporation (NYSE:RBLX – Get Free Report) insider Mark Reinstra sold 17,934 shares of Roblox stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $37.96, for a total transaction of $680,774.64. Following the transaction, the insider directly owned 398,064 shares of the company’s stock, valued at approximately $15,110,509.44. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
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Mark Reinstra also recently made the following trade(s):
- 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 transaction of $250,000.00.
- On Monday, July 6th, Mark Reinstra sold 4,512 shares of Roblox stock. The stock was sold at an average price of $57.34, for a total transaction of $258,718.08.
- On Monday, June 8th, Mark Reinstra sold 5,978 shares of Roblox stock. The stock was sold at an average price of $41.71, for a total transaction of $249,342.38.
Roblox Trading Up 0.9%
Shares of NYSE:RBLX traded up $0.33 during trading hours on Monday, hitting $38.70. 8,331,997 shares of the company’s stock traded hands, compared to its average volume of 11,929,390. Roblox Corporation has a 1 year low of $33.88 and a 1 year high of $142.00. The business has a fifty day moving average price of $47.11 and a 200-day moving average price of $52.57. The firm has a market capitalization of $25.93 billion, a P/E ratio of -27.06 and a beta of 1.46. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82.
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Roblox (NYSE:RBLX – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%.The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the business posted ($0.41) earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts expect that Roblox Corporation will post -1.39 earnings per share for the current year.
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