Roblox Co. (NYSE:RBLX) Stock Position Lessened by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in Roblox Co. (NYSE:RBLX) by 54.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,723 shares of the company’s stock after selling 53,926 shares during the quarter. Entropy Technologies LP’s holdings in Roblox were worth $2,646,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of RBLX. ValueAct Holdings L.P. grew its stake in shares of Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. FMR LLC lifted its holdings in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the period. Whale Rock Capital Management LLC acquired a new stake in shares of Roblox in the third quarter valued at $107,491,000. Two Sigma Advisers LP lifted its holdings in shares of Roblox by 32.9% in the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock valued at $259,576,000 after buying an additional 1,452,900 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Roblox by 195.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,852,131 shares of the company’s stock valued at $81,975,000 after buying an additional 1,226,072 shares during the period. Institutional investors own 94.46% of the company’s stock.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 6,054 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $311,357.22. Following the completion of the sale, the chief accounting officer now owns 85,008 shares in the company, valued at $4,371,961.44. This represents a 6.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 138,555 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the sale, the chief executive officer now owns 129,301 shares of the company’s stock, valued at approximately $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 quarter, insiders have sold 1,306,335 shares of company stock valued at $77,348,316. Insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RBLX. Canaccord Genuity Group upped their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley upped their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company upped 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. Citigroup upped their target price on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Trading Down 1.1 %

Shares of NYSE RBLX opened at $66.41 on Friday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day simple moving average is $62.47 and its 200-day simple moving average is $50.68. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, analysts forecast that Roblox Co. will post -1.4 earnings per share for the current fiscal 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.