Roblox Co. (NYSE:RBLX) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp trimmed its position in Roblox Co. (NYSE:RBLX - Free Report) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,667 shares of the company's stock after selling 5,898 shares during the quarter. Cibc World Markets Corp's holdings in Roblox were worth $1,254,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RBLX. Victory Capital Management Inc. raised its holdings in shares of Roblox by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 164,035 shares of the company's stock worth $7,260,000 after acquiring an additional 3,114 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Roblox by 5.0% in the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company's stock worth $296,000 after purchasing an additional 321 shares during the last quarter. Empowered Funds LLC raised its stake in Roblox by 10.8% during the third quarter. Empowered Funds LLC now owns 7,889 shares of the company's stock valued at $349,000 after purchasing an additional 767 shares in the last quarter. Quest Partners LLC bought a new position in Roblox during the third quarter valued at $103,000. Finally, Pathstone Holdings LLC grew its stake in shares of Roblox by 7.2% in the 3rd quarter. Pathstone Holdings LLC now owns 88,296 shares of the company's stock worth $3,908,000 after buying an additional 5,898 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RBLX shares. The Goldman Sachs Group upped their target price on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Wedbush reiterated an "outperform" rating and issued a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. Finally, Macquarie raised their price target on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.19.

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Insider Activity

In related news, insider Mark Reinstra sold 50,000 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the sale, the insider now owns 281,161 shares of the company's stock, valued at $18,269,841.78. This trade represents a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Guthrie sold 26,154 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the transaction, the chief financial officer now owns 417,079 shares of the company's stock, valued at $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 926,466 shares of company stock worth $60,212,297. Corporate insiders own 22.15% of the company's stock.

Roblox Stock Up 1.4 %

Shares of RBLX traded up $0.83 during midday trading on Tuesday, reaching $62.01. 4,740,591 shares of the stock were exchanged, compared to its average volume of 7,618,985. The company has a market capitalization of $38.38 billion, a P/E ratio of -42.77 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company's 50 day moving average is $63.53 and its two-hundred day moving average is $55.24.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

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.