Roblox Corporation (NYSE:RBLX) Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,590 shares of the company's stock after selling 15,224 shares during the quarter. Whittier Trust Co.'s holdings in Roblox were worth $5,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd lifted its stake in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Roblox in the 1st quarter valued at $39,000. Colonial Trust Co SC acquired a new position in shares of Roblox in the 4th quarter valued at $41,000. EverSource Wealth Advisors LLC lifted its stake in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares during the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in shares of Roblox in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $103.89, for a total value of $6,856,740.00. Following the completion of the transaction, the director owned 284,488 shares of the company's stock, valued at approximately $29,555,458.32. The trade was a 18.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $102.58, for a total transaction of $615,480.00. Following the completion of the transaction, the insider owned 313,223 shares in the company, valued at approximately $32,130,415.34. This trade represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,645,690 shares of company stock valued at $592,729,502 over the last quarter. Insiders own 12.92% of the company's stock.

Roblox Price Performance

Shares of RBLX stock traded up $3.32 during mid-day trading on Thursday, reaching $122.34. The stock had a trading volume of 5,931,075 shares, compared to its average volume of 8,100,629. The company has a market cap of $82.98 billion, a P/E ratio of -91.45 and a beta of 1.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a 12-month low of $35.30 and a 12-month high of $122.68. The business has a 50-day simple moving average of $94.41 and a 200 day simple moving average of $73.41.

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, topping analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the business posted ($0.43) earnings per share. The firm's quarterly revenue was up 30.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RBLX shares. BTIG Research upped their price target on Roblox from $73.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Morgan Stanley dropped their price objective on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Roth Mkm increased their price objective on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group raised 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, May 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.68.

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.