Roblox Co. (NYSE:RBLX) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC decreased its holdings in Roblox Co. (NYSE:RBLX) by 24.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,292 shares of the company’s stock after selling 1,755 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Roblox were worth $306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RBLX. Janney Montgomery Scott LLC raised its stake in shares of Roblox by 94.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock valued at $815,000 after buying an additional 8,939 shares during the last quarter. Principal Financial Group Inc. increased its stake in Roblox by 308.2% during the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after buying an additional 137,267 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of Roblox by 6.6% during the 3rd quarter. Sigma Planning Corp now owns 6,822 shares of the company’s stock worth $302,000 after purchasing an additional 420 shares during the last quarter. Versor Investments LP acquired a new position in shares of Roblox during the 3rd quarter worth approximately $257,000. Finally, Aigen Investment Management LP acquired a new position in Roblox in the third quarter valued at approximately $257,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Down 2.0 %

RBLX stock opened at $55.75 on Friday. The stock has a market capitalization of $34.51 billion, a P/E ratio of -38.45 and a beta of 1.49. 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 Co. has a one year low of $29.55 and a one year high of $75.74. The company has a 50 day moving average price of $63.99 and a two-hundred day moving average price of $54.24.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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 665.98%. As a group, sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity at Roblox

In other news, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 138,555 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the sale, the chief executive officer now directly owns 129,301 shares of the company’s stock, valued at $9,260,537.62. The trade was a 51.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 916,367 shares of company stock worth $59,700,949. 22.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Wells Fargo & Company increased their target price on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Barclays dropped their price objective on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Morgan Stanley increased their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group raised their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

About Roblox

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.