Entropy Technologies LP Reduces Position in Roblox Co. (NYSE:RBLX)

Entropy Technologies LP decreased its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 54.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,723 shares of the company's stock after selling 53,926 shares during the quarter. Entropy Technologies LP's holdings in Roblox were worth $2,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in shares of Roblox in the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC raised its holdings in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc raised its holdings in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares in the last quarter. GAMMA Investing LLC lifted its position in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after buying an additional 530 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company's stock valued at $46,000 after buying an additional 770 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 138,555 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,054 shares of Roblox stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $311,357.22. Following the sale, the chief accounting officer now owns 85,008 shares of the company's stock, valued at $4,371,961.44. The trade was a 6.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,306,335 shares of company stock worth $77,348,316 in the last quarter. 22.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RBLX. Citigroup increased their price target on shares of Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, November 4th. Morgan Stanley upped their price target on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Piper Sandler reiterated an "overweight" rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Macquarie boosted their target price on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and an average price target of $64.19.

Roblox Stock Performance

Shares of RBLX traded down $1.87 during trading hours on Wednesday, hitting $64.18. The stock had a trading volume of 6,726,680 shares, compared to its average volume of 9,576,813. The stock has a fifty day moving average price of $62.98 and a 200 day moving average price of $51.11. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. 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 market capitalization of $38.99 billion, a PE ratio of -44.26 and a beta of 1.46.

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

Roblox Company 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.