Roblox Co. (NYSE:RBLX) Shares Sold by Altos Ventures Management Inc.

Altos Ventures Management Inc. lowered its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 55.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,990,752 shares of the company's stock after selling 18,669,714 shares during the quarter. Roblox makes up 100.0% of Altos Ventures Management Inc.'s holdings, making the stock its largest position. Altos Ventures Management Inc. owned about 2.47% of Roblox worth $867,365,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RBLX. Toronto Dominion Bank increased its position in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock valued at $2,660,000 after acquiring an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC grew its holdings in shares of Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Roblox during the 4th quarter worth $363,000. Entropy Technologies LP lifted its stake in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock worth $4,410,000 after acquiring an additional 62,521 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in shares of Roblox by 12,971.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company's stock worth $2,302,000 after purchasing an additional 51,626 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the sale, the chief accounting officer now owns 81,407 shares of the company's stock, valued at approximately $4,014,993.24. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 333,334 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 129,295 shares of the company's stock, valued at approximately $7,409,896.45. This trade represents a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,306,335 shares of company stock worth $77,348,316 over the last three months. 22.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RBLX shares. Citigroup upped their target price on shares of Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Morgan Stanley raised their target price on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a research note on Friday, February 7th. Benchmark raised their price objective on Roblox from $60.00 to $71.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and a consensus target price of $64.19.

Roblox Stock Performance

RBLX traded down $1.87 on Wednesday, reaching $64.18. The company had a trading volume of 6,726,680 shares, compared to its average volume of 9,576,813. 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 $38.99 billion, a P/E ratio of -44.26 and a beta of 1.46. The company's fifty day moving average is $63.17 and its 200 day moving average is $51.20. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

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

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.