Roblox Co. (NYSE:RBLX) Shares Sold by Algert Global LLC

Algert Global LLC lowered its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 58.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,830 shares of the company's stock after selling 11,076 shares during the quarter. Algert Global LLC's holdings in Roblox were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in RBLX. Parkside Financial Bank & Trust increased its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after purchasing an additional 271 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Roblox by 2,955.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company's stock worth $71,000 after purchasing an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Analysts Set New Price Targets

RBLX has been the subject of several research reports. Citigroup boosted their price target on Roblox from $78.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Wells Fargo & Company upped their target price on Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. Finally, Wedbush reissued an "outperform" rating and set a $83.00 target price on shares of Roblox in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $68.68.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 12,800 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $73.46, for a total value of $940,288.00. Following the completion of the transaction, the director now owns 296,584 shares of the company's stock, valued at approximately $21,787,060.64. The trade was a 4.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 45,074 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $74.44, for a total transaction of $3,355,308.56. Following the sale, the chief executive officer now directly owns 875 shares in the company, valued at $65,135. This represents a 98.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,344,632 shares of company stock worth $160,151,753. 22.15% of the stock is owned by corporate insiders.

Roblox Price Performance

Shares of Roblox stock traded up $0.84 during trading on Friday, reaching $81.61. The company's stock had a trading volume of 3,385,185 shares, compared to its average volume of 8,782,883. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $82.00. The company has a market capitalization of $51.41 billion, a P/E ratio of -56.28 and a beta of 1.46. The business has a 50 day moving average price of $62.20 and a 200-day moving average price of $60.41.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned ($0.43) earnings per share. The company's revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Roblox Company 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.