Roblox Co. (NYSE:RBLX) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,290 shares of the company's stock after selling 20,489 shares during the period. Rockefeller Capital Management L.P.'s holdings in Roblox were worth $1,405,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Roblox during the third quarter valued at $2,341,000. World Investment Advisors LLC bought a new stake in Roblox during the third quarter worth approximately $204,000. Wilmington Savings Fund Society FSB purchased a new stake in Roblox during the third quarter valued at approximately $533,000. Principal Financial Group Inc. lifted its stake in shares of Roblox by 308.2% in the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company's stock valued at $8,047,000 after purchasing an additional 137,267 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares during the period. 94.46% of the stock is owned by institutional investors.

Roblox Stock Up 1.5 %

Shares of NYSE RBLX traded up $0.96 during trading hours on Friday, hitting $66.65. 4,438,329 shares of the stock were exchanged, compared to its average volume of 7,856,409. The company has a market cap of $41.89 billion, a PE ratio of -45.97 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a fifty day moving average price of $59.06 and a 200-day moving average price of $57.43.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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%. On average, sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of analyst reports. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Macquarie raised their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Morgan Stanley dropped their price target on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. FBN Securities initiated coverage on shares of Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective on the stock. Finally, Oppenheimer upgraded Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 target price for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $64.50.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $11,649,667.84. The trade was a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at approximately $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 902,954 shares of company stock worth $55,354,971. Insiders own 22.15% of the company's stock.

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.