Roblox Co. (NYSE:RBLX) Position Reduced by Fox Run Management L.L.C.

Fox Run Management L.L.C. cut its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 71.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,771 shares of the company's stock after selling 19,639 shares during the quarter. Fox Run Management L.L.C.'s holdings in Roblox were worth $450,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of Roblox by 10.8% during the 3rd quarter. Empowered Funds LLC now owns 7,889 shares of the company's stock valued at $349,000 after acquiring an additional 767 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Roblox in the third quarter valued at about $103,000. Commerce Bank raised its holdings in shares of Roblox by 5.7% during the 3rd quarter. Commerce Bank now owns 7,360 shares of the company's stock valued at $326,000 after buying an additional 400 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Roblox by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,015,344 shares of the company's stock worth $89,199,000 after acquiring an additional 117,515 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its position in Roblox by 12.5% in the third quarter. Great Valley Advisor Group Inc. now owns 10,270 shares of the company's stock valued at $455,000 after acquiring an additional 1,140 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RBLX shares. Needham & Company LLC upped 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. The Goldman Sachs Group raised their target price on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Roth Mkm boosted their price target on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their target price on Roblox from $58.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.23.

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Insiders Place Their Bets

In related news, CFO Michael Guthrie sold 26,154 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the transaction, the chief financial officer now owns 417,079 shares of the company's stock, valued at $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 34,099 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 926,466 shares of company stock worth $60,212,297. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Performance

Shares of RBLX traded down $0.51 during mid-day trading on Friday, reaching $58.99. 6,545,099 shares of the company's stock traded hands, compared to its average volume of 7,799,691. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The stock has a market capitalization of $36.51 billion, a P/E ratio of -40.68 and a beta of 1.49. The business's 50-day moving average price is $63.22 and its 200-day moving average price is $55.48. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities analysts predict 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.