SG Americas Securities LLC Sells 12,075 Shares of Roblox Co. (NYSE:RBLX)

SG Americas Securities LLC lowered its stake in Roblox Co. (NYSE:RBLX) by 56.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,248 shares of the company’s stock after selling 12,075 shares during the period. SG Americas Securities LLC’s holdings in Roblox were worth $535,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Simon Quick Advisors LLC lifted its holdings in Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Roblox by 0.7% in the fourth quarter. Atomi Financial Group Inc. now owns 137,642 shares of the company’s stock worth $7,964,000 after buying an additional 984 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Roblox by 172.3% during the 4th quarter. Ballentine Partners LLC now owns 77,315 shares of the company’s stock worth $4,473,000 after buying an additional 48,919 shares during the period. Kera Capital Partners Inc. acquired a new position in Roblox in the 4th quarter valued at $1,026,000. Finally, Stonekeep Investments LLC grew its stake in Roblox by 9.6% in the 4th quarter. Stonekeep Investments LLC now owns 8,319 shares of the company’s stock valued at $481,000 after buying an additional 727 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

Shares of RBLX stock opened at $71.15 on Friday. The firm has a market cap of $43.23 billion, a price-to-earnings ratio of -43.39 and a beta of 1.43. The stock’s fifty day simple moving average is $60.34 and its 200 day simple moving average is $49.57. Roblox Co. has a one year low of $29.55 and a one year high of $71.89. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last announced its 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. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.45) EPS. On average, analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Michael Guthrie sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $52.07, for a total value of $2,082,800.00. Following the completion of the transaction, the chief financial officer now owns 352,844 shares in the company, valued at $18,372,587.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Reinstra sold 24,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total value of $1,581,360.00. Following the completion of the transaction, the insider now owns 281,161 shares in the company, valued at $18,525,698.29. The trade was a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,207,812 shares of company stock worth $69,509,773. Insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Needham & Company LLC upped their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Raymond James restated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Canaccord Genuity Group raised their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Macquarie upped their price target on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Citigroup increased their price objective on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.14.

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.