Roblox Co. (NYSE:RBLX) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,744,514 shares of the company's stock after selling 251,923 shares during the period. Deutsche Bank AG owned approximately 0.29% of Roblox worth $100,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Colonial Trust Co SC acquired a new position in shares of Roblox in the fourth quarter worth $41,000. Parkside Financial Bank & Trust grew its stake in shares of Roblox by 44.5% in 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. Rakuten Securities Inc. grew its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 16,432 shares of Roblox stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.39, for a total value of $1,008,760.48. Following the transaction, the insider now directly owns 322,774 shares in the company, valued at approximately $19,815,095.86. The trade was a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 118,051 shares of the business'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 $8,787,716.44. Following the transaction, the chief executive officer now owns 221,983 shares in the company, valued at approximately $16,524,414.52. This trade represents a 34.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,344,632 shares of company stock worth $160,151,753. 22.15% of the stock is owned by company insiders.

Roblox Stock Performance

NYSE RBLX traded up $1.25 during trading on Thursday, reaching $80.70. The company's stock had a trading volume of 11,128,299 shares, compared to its average volume of 7,725,686. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market cap of $50.84 billion, a price-to-earnings ratio of -55.65 and a beta of 1.46. Roblox Co. has a twelve month low of $31.55 and a twelve month high of $80.89. The business's fifty day moving average price is $61.66 and its 200-day moving average price is $60.14.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RBLX. Moffett Nathanson cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Wells Fargo & Company lifted their price objective on shares of Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday. Oppenheimer lifted their price objective on shares of Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Wedbush reaffirmed an "outperform" rating and set a $83.00 price objective on shares of Roblox in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.68.

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.