Allspring Global Investments Holdings LLC Sells 839,262 Shares of Roblox Co. (NYSE:RBLX)

Allspring Global Investments Holdings LLC lessened its position in Roblox Co. (NYSE:RBLX - Free Report) by 45.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,012,869 shares of the company's stock after selling 839,262 shares during the period. Allspring Global Investments Holdings LLC owned about 0.17% of Roblox worth $59,561,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RBLX. V Square Quantitative Management LLC acquired a new position in Roblox in the third quarter worth $27,000. Frazier Financial Advisors LLC grew its holdings in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after acquiring an additional 624 shares during the last quarter. Versant Capital Management Inc increased its position in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after acquiring an additional 530 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company's stock valued at $46,000 after purchasing an additional 770 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Stock Up 1.7 %

RBLX stock traded up $1.09 during trading hours on Monday, reaching $66.62. 6,355,233 shares of the stock were exchanged, compared to its average volume of 9,327,394. The firm's 50-day moving average is $63.64 and its 200-day moving average is $51.82. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a market cap of $40.48 billion, a price-to-earnings ratio of -45.95 and a beta of 1.46. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, equities research analysts expect that Roblox Co. will post -1.4 earnings per share for the current year.

Insider Transactions at Roblox

In other news, insider Mark Reinstra sold 19,525 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the sale, the insider now owns 339,206 shares in the company, valued at $22,367,243.64. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amy Marie Rawlings sold 3,601 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the sale, the chief accounting officer now directly owns 81,407 shares of the company's stock, valued at approximately $4,014,993.24. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,120,348 shares of company stock valued at $68,517,456 over the last 90 days. 22.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on RBLX. Deutsche Bank Aktiengesellschaft upped their price objective on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group lifted their price objective on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Citigroup raised their target price on shares of Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating for the company. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.19.

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.