Roblox Co. (NYSE:RBLX) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,783 shares of the company's stock after selling 9,125 shares during the quarter. Janus Henderson Group PLC's holdings in Roblox were worth $2,302,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. MetLife Investment Management LLC increased its stake in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after acquiring an additional 161 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the period. Simon Quick Advisors LLC increased its position in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after purchasing an additional 217 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in 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 during the period. Finally, Yousif Capital Management LLC lifted its position in Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after buying an additional 245 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 recent research reports. Barclays increased their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Roblox in a research note on Friday, May 2nd. Wells Fargo & Company upped their price objective 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. Benchmark raised their target price on Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Roth Mkm boosted their price target on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $68.68.

Insiders Place Their Bets

In other news, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at approximately $4,636,261.22. This represents a 5.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Manuel Bronstein sold 68,722 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $80.00, for a total transaction of $5,497,760.00. Following the completion of the sale, the insider now directly owns 582,454 shares in the company, valued at approximately $46,596,320. This represents a 10.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,432,954 shares of company stock worth $167,209,673 over the last quarter. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Up 0.5%

NYSE:RBLX opened at $81.63 on Wednesday. The company has a 50-day moving average price of $63.74 and a 200-day moving average price of $61.21. The stock has a market cap of $51.43 billion, a price-to-earnings ratio of -56.30 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 0.98 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 $82.02.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.43) EPS. Equities analysts predict that Roblox Co. will post -1.49 EPS for the current 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.

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