Roblox Co. (NYSE:RBLX) Shares Sold by SP Asset Management LLC

SP Asset Management LLC lessened its stake in Roblox Co. (NYSE:RBLX) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,940 shares of the company’s stock after selling 1,600 shares during the period. SP Asset Management LLC’s holdings in Roblox were worth $691,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Frazier Financial Advisors LLC increased its stake in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Huntington National Bank grew its stake in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RBLX shares. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. The Goldman Sachs Group lifted their price target on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC raised their price target on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Stock Up 1.1 %

Shares of RBLX opened at $63.35 on Thursday. The firm has a fifty day moving average price of $64.31 and a 200-day moving average price of $53.75. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market capitalization of $39.22 billion, a P/E ratio of -43.69 and a beta of 1.49. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) 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 665.98%. Equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other news, Director Christopher Carvalho sold 12,986 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.57, for a total value of $825,520.02. Following the completion of the transaction, the director now directly owns 982,412 shares of the company’s stock, valued at approximately $62,451,930.84. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Reinstra sold 24,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the transaction, the insider now directly owns 278,161 shares of the company’s stock, valued at $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 911,255 shares of company stock valued at $59,387,678. 22.15% of the stock is currently owned by company insiders.

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.