Emerald Advisers LLC cut its position in Roblox Co. (NYSE:RBLX - Free Report) by 77.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,282 shares of the company's stock after selling 7,912 shares during the quarter. Emerald Advisers LLC's holdings in Roblox were worth $132,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Empowered Funds LLC lifted its position 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 acquiring an additional 767 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Roblox during the third quarter worth $103,000. Pathstone Holdings LLC lifted its holdings in shares of Roblox by 7.2% during the 3rd quarter. Pathstone Holdings LLC now owns 88,296 shares of the company's stock valued at $3,908,000 after purchasing an additional 5,898 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Roblox in the 3rd quarter worth $395,000. Finally, Commerce Bank grew its stake in Roblox by 5.7% during the 3rd quarter. Commerce Bank now owns 7,360 shares of the company's stock worth $326,000 after buying an additional 400 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.
Roblox Stock Performance
NYSE RBLX traded down $0.36 during mid-day trading on Thursday, reaching $60.00. 872,365 shares of the stock were exchanged, compared to its average volume of 7,571,876. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The business's 50 day moving average is $63.47 and its 200-day moving average is $55.27. The company has a market capitalization of $37.14 billion, a P/E ratio of -41.34 and a beta of 1.49.
Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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%. On average, equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have commented on RBLX. Citigroup increased their price target on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. HSBC initiated coverage on shares of Roblox in a research report on Thursday, December 12th. They issued a "buy" rating and a $63.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Benchmark reaffirmed a "buy" rating and issued a $71.00 price target on shares of Roblox in a report on Tuesday, March 18th. Finally, CICC Research began coverage on shares of Roblox in a report on Tuesday, January 14th. They set an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.19.
Read Our Latest Stock Analysis on Roblox
Insider Buying and Selling at Roblox
In other news, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now owns 204,261 shares in the company, valued at $12,513,028.86. This trade represents a 0.48 % 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, CEO David Baszucki sold 34,099 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $12,664,130.15. This trade represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 926,466 shares of company stock valued at $60,212,297. Company insiders own 22.15% of the company's stock.
Roblox Company Profile
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Free Report)
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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