Roblox Co. (NYSE:RBLX) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its position in Roblox Co. (NYSE:RBLX - Free Report) by 32.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,656 shares of the company's stock after selling 23,388 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Roblox were worth $2,815,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RBLX. Versant Capital Management Inc grew its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings 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 acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Roblox

In related news, CEO David Baszucki sold 138,555 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the sale, the chief executive officer now directly owns 129,301 shares of the company's stock, valued at $9,260,537.62. This represents a 51.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 50,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $18,269,841.78. This trade represents a 15.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,003,666 shares of company stock worth $64,800,781. Insiders own 22.15% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on RBLX. Morgan Stanley boosted their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Macquarie boosted their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. Finally, Benchmark restated a "buy" rating and issued a $71.00 price objective on shares of Roblox in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.23.

Roblox Price Performance

RBLX traded up $1.17 on Wednesday, hitting $52.39. 2,809,571 shares of the company's stock were exchanged, compared to its average volume of 7,833,803. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The stock has a market cap of $32.43 billion, a price-to-earnings ratio of -36.14 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. The firm has a 50-day moving average price of $61.40 and a 200-day moving average price of $56.05.

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 analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Roblox 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.