Roblox Co. (NYSE:RBLX) Shares Sold by SFG Wealth Management LLC.

SFG Wealth Management LLC. cut its position in shares of Roblox Co. (NYSE:RBLX) by 53.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,450 shares of the company’s stock after selling 22,600 shares during the quarter. Roblox comprises 0.6% of SFG Wealth Management LLC.’s portfolio, making the stock its 28th biggest position. SFG Wealth Management LLC.’s holdings in Roblox were worth $1,125,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Roblox by 17.6% in the second quarter. Envestnet Asset Management Inc. now owns 64,557 shares of the company’s stock worth $2,402,000 after acquiring an additional 9,665 shares in the last quarter. Amalgamated Bank boosted its position in Roblox by 9.2% during the 2nd quarter. Amalgamated Bank now owns 34,530 shares of the company’s stock worth $1,285,000 after purchasing an additional 2,908 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Roblox by 10.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,787 shares of the company’s stock worth $960,000 after purchasing an additional 2,408 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Roblox by 3,850.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 58,579 shares of the company’s stock valued at $2,180,000 after purchasing an additional 57,096 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Roblox by 54.1% in the second quarter. Canada Pension Plan Investment Board now owns 547,571 shares of the company’s stock valued at $20,375,000 after purchasing an additional 192,256 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RBLX shares. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Benchmark upped their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays lifted their price target on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.48.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the sale, the chief executive officer now owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 55.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now owns 91,062 shares of the company’s stock, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,504,601 shares of company stock valued at $81,882,735 over the last three months. Company insiders own 22.15% of the company’s stock.

Roblox Stock Up 0.5 %

Shares of NYSE:RBLX opened at $65.57 on Monday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $66.51. The company’s fifty day moving average is $57.12 and its two-hundred day moving average is $47.70. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $39.84 billion, a price-to-earnings ratio of -39.98 and a beta of 1.43.

Roblox (NYSE:RBLX) last issued 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 firm had revenue of $919.00 million for 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%. Roblox’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.45) earnings per share. Equities analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Roblox 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.