Krilogy Financial LLC Trims Holdings in Roblox Co. (NYSE:RBLX)

Krilogy Financial LLC reduced its stake in Roblox Co. (NYSE:RBLX - Free Report) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,500 shares of the company's stock after selling 5,541 shares during the period. Krilogy Financial LLC's holdings in Roblox were worth $2,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd boosted its position in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roblox during the 1st quarter valued at $39,000. Colonial Trust Co SC bought a new stake in Roblox during the 4th quarter valued at $41,000. Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Price Performance

Shares of NYSE RBLX traded up $2.23 during trading on Friday, hitting $97.34. The company had a trading volume of 9,208,006 shares, compared to its average volume of 7,930,940. The stock has a fifty day simple moving average of $74.96 and a two-hundred day simple moving average of $65.93. Roblox Co. has a fifty-two week low of $34.41 and a fifty-two week high of $98.15. The firm has a market capitalization of $66.02 billion, a price-to-earnings ratio of -67.13 and a beta of 1.56. 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 (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last 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. On average, research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In related news, CEO David Baszucki sold 34,099 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $12,664,130.15. The trade was a 13.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 6,391 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total transaction of $515,498.06. Following the transaction, the chief accounting officer now owns 73,931 shares in the company, valued at $5,963,274.46. The trade was a 7.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,287,171 shares of company stock worth $438,237,134 over the last 90 days. 12.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Bank of America increased their target price on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. FBN Securities assumed coverage on shares of Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, Macquarie increased their target price on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $76.09.

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.