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

Rockefeller Capital Management L.P. lessened its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 55.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,779 shares of the company's stock after selling 56,400 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Roblox were worth $1,982,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Roblox in the 3rd quarter worth $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. PARK CIRCLE Co purchased a new position in Roblox during the second quarter worth approximately $30,000. GAMMA Investing LLC boosted its stake in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after buying an additional 530 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its holdings in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock valued at $37,000 after buying an additional 506 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company's stock.

Insider Activity at Roblox

In related news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.50, for a total value of $1,245,000.00. Following the transaction, the chief financial officer now directly owns 352,844 shares of the company's stock, valued at $14,643,026. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares of the company's stock, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,038,607 shares of company stock valued at $49,713,872 over the last quarter. 22.15% of the stock is owned by insiders.

Roblox Stock Up 0.6 %

NYSE RBLX traded up $0.37 during trading hours on Friday, hitting $59.31. 8,964,106 shares of the company were exchanged, compared to its average volume of 8,441,662. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market cap of $36.03 billion, a price-to-earnings ratio of -36.15 and a beta of 1.50. The company has a 50 day moving average of $47.34 and a two-hundred day moving average of $42.26. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $59.80.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.45) earnings per share. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on RBLX. Citigroup boosted their price target on shares of Roblox from $53.00 to $63.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. BMO Capital Markets reissued an "outperform" rating and issued a $62.00 price target (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. Wells Fargo & Company lifted their price target on shares of Roblox from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Barclays increased their price objective on Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Finally, BTIG Research lifted their target price on Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.30.

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.