Bleakley Financial Group LLC Has $646,000 Holdings in Roblox Co. (NYSE:RBLX)

Bleakley Financial Group LLC decreased its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,164 shares of the company's stock after selling 4,139 shares during the period. Bleakley Financial Group LLC's holdings in Roblox were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Truist Financial Corp bought a new position in shares of Roblox in the second quarter valued at approximately $559,000. Cetera Investment Advisers raised its stake in shares of Roblox by 4.4% in the second quarter. Cetera Investment Advisers now owns 41,332 shares of the company's stock valued at $1,538,000 after acquiring an additional 1,748 shares during 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 valued at $41,000 after acquiring an additional 530 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Roblox in the third quarter valued at approximately $235,000. Finally, CWM LLC increased its holdings in shares of Roblox by 61.7% in the third quarter. CWM LLC now owns 74,221 shares of the company's stock valued at $3,285,000 after purchasing an additional 28,329 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

Shares of NYSE:RBLX traded up $1.36 on Thursday, reaching $65.56. 7,816,457 shares of the company's stock were exchanged, compared to its average volume of 9,516,449. The company has a fifty day moving average of $63.30 and a 200-day moving average of $51.30. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market capitalization of $39.83 billion, a price-to-earnings ratio of -45.21 and a beta of 1.46.

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

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 333,334 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the transaction, the chief executive officer now owns 129,295 shares of the company's stock, valued at $7,409,896.45. This represents a 72.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amy Marie Rawlings sold 6,054 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $311,357.22. Following the completion of the transaction, the chief accounting officer now owns 85,008 shares of the company's stock, valued at approximately $4,371,961.44. This trade represents a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,352,014 shares of company stock valued at $80,360,389. Company insiders own 22.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BTIG Research raised their price target on shares of Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a report on Friday, November 1st. CICC Research assumed coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an "outperform" rating for the company. Canaccord Genuity Group raised their price target on shares of Roblox from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. 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. Finally, Wedbush reaffirmed an "outperform" rating and set a $83.00 target price on shares of Roblox in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.