Evergreen Capital Management LLC Cuts Holdings in Roblox Co. (NYSE:RBLX)

Evergreen Capital Management LLC decreased its position in Roblox Co. (NYSE:RBLX - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,461 shares of the company's stock after selling 6,926 shares during the period. Evergreen Capital Management LLC's holdings in Roblox were worth $1,647,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. grew its holdings in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC boosted its position in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after purchasing an additional 217 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc grew its stake 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 purchasing an additional 239 shares during the period. Finally, Yousif Capital Management LLC increased its position in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after purchasing an additional 245 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Insider Transactions at Roblox

In other news, insider Mark Reinstra sold 24,000 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total value of $1,581,360.00. Following the completion of the sale, the insider now directly owns 281,161 shares in the company, valued at approximately $18,525,698.29. The trade was a 7.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the transaction, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 926,954 shares of company stock worth $56,936,331. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Up 1.1 %

Shares of RBLX opened at $59.76 on Friday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a market capitalization of $37.56 billion, a P/E ratio of -41.22 and a beta of 1.49. The firm's 50 day simple moving average is $59.41 and its 200 day simple moving average is $56.57.

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 net margin of 25.97% and a negative return on equity of 665.98%. Sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research analyst reports. Macquarie boosted their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Needham & Company LLC boosted their target price on shares of Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of Roblox from $76.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Finally, Citigroup raised their target price on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.

About Roblox

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.

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