Roblox Co. (NYSE:RBLX) Shares Sold by Resolute Advisors LLC

Resolute Advisors LLC reduced its position in Roblox Co. (NYSE:RBLX - Free Report) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 253,765 shares of the company's stock after selling 11,636 shares during the quarter. Roblox comprises about 2.3% of Resolute Advisors LLC's investment portfolio, making the stock its 5th biggest position. Resolute Advisors LLC's holdings in Roblox were worth $11,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company's stock worth $1,950,322,000 after acquiring an additional 4,818,022 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Roblox by 1.9% in the second quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company's stock valued at $1,084,395,000 after purchasing an additional 535,414 shares during the period. ARK Investment Management LLC grew its holdings in Roblox by 12.9% during the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company's stock valued at $496,338,000 after purchasing an additional 1,519,591 shares in the last quarter. Ieq Capital LLC increased its stake in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company's stock worth $473,811,000 after buying an additional 2,684,713 shares during the period. Finally, Dragoneer Investment Group LLC lifted its holdings in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock worth $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company's stock.

Insider Activity

In other news, CFO Michael Guthrie sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares of the company's stock, valued at approximately $14,543,253.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares of the company's stock, valued at $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,029,373 shares of company stock valued at $46,476,179. Company insiders own 22.15% of the company's stock.

Roblox Stock Performance

Shares of RBLX stock traded down $0.71 during trading hours on Friday, reaching $52.40. The stock had a trading volume of 8,165,613 shares, compared to its average volume of 7,488,194. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day simple moving average of $44.47 and a 200-day simple moving average of $39.90. The firm has a market capitalization of $31.84 billion, a PE ratio of -31.95 and a beta of 1.56. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $54.07.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company had revenue of $919.00 million for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Roblox Co. will post -1.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RBLX shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $62.00 target price (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Benchmark increased their target price on Roblox from $44.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Wedbush reissued an "outperform" rating and set a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Wolfe Research initiated coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Roblox from $51.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and an average price target of $55.30.

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.