Roblox Co. (NYSE:RBLX) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lessened its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 41.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,008 shares of the company's stock after selling 5,031 shares during the period. Wilmington Savings Fund Society FSB's holdings in Roblox were worth $405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Toronto Dominion Bank raised its holdings in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock valued at $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC raised its holdings in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Roblox in the 4th quarter valued at $363,000. Entropy Technologies LP raised its holdings in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock valued at $4,410,000 after purchasing an additional 62,521 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of Roblox by 12,971.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company's stock valued at $2,302,000 after purchasing an additional 51,626 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insiders Place Their Bets

In related news, CAO Amy Marie Rawlings sold 3,601 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total transaction of $177,601.32. Following the transaction, the chief accounting officer now owns 81,407 shares of the company's stock, valued at approximately $4,014,993.24. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Baszucki sold 166,666 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.71, for a total transaction of $8,451,632.86. Following the transaction, the chief executive officer now directly owns 135,755 shares in the company, valued at $6,884,136.05. The trade was a 55.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,287,014 shares of company stock worth $76,969,089. 22.15% of the stock is owned by company insiders.

Roblox Stock Performance

Shares of Roblox stock traded up $1.09 on Friday, reaching $66.62. 6,355,233 shares of the stock were exchanged, compared to its average volume of 9,327,394. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The business has a fifty day moving average price of $63.45 and a two-hundred day moving average price of $51.56. The firm has a market capitalization of $40.48 billion, a PE ratio of -45.95 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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. As a group, research analysts anticipate that Roblox Co. will post -1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RBLX shares. Piper Sandler restated an "overweight" rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Wedbush reiterated an "outperform" rating and set a $83.00 price target on shares of Roblox in a research note on Friday, February 7th. Wells Fargo & Company lifted their price target on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Needham & Company LLC lifted their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.19.

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.