Roblox Co. (NYSE:RBLX) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC cut its stake in Roblox Co. (NYSE:RBLX - Free Report) by 47.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,437 shares of the company's stock after selling 6,590 shares during the period. Teza Capital Management LLC's holdings in Roblox were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock valued at $3,080,449,000 after purchasing an additional 462,450 shares in the last quarter. FMR LLC grew its position in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC grew its position in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. Ieq Capital LLC grew its position in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Roblox by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock valued at $495,564,000 after purchasing an additional 246,610 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 14,000 shares of Roblox stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $82.45, for a total value of $1,154,300.00. Following the completion of the transaction, the director now directly owns 293,728 shares in the company, valued at approximately $24,217,873.60. This trade represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 15,021 shares of Roblox stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total value of $1,211,593.86. Following the completion of the transaction, the insider now owns 331,223 shares of the company's stock, valued at approximately $26,716,447.18. This trade represents a 4.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,530,764 shares of company stock worth $176,069,276. Company insiders own 12.92% of the company's stock.

Roblox Trading Up 0.6%

NYSE:RBLX traded up $0.45 during trading hours on Friday, reaching $82.26. 4,575,730 shares of the stock were exchanged, compared to its average volume of 7,732,641. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The business has a 50-day moving average of $65.26 and a two-hundred day moving average of $61.84. Roblox Co. has a twelve month low of $32.30 and a twelve month high of $83.04. The company has a market capitalization of $51.82 billion, a price-to-earnings ratio of -56.73 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations 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 was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.43) earnings per share. On average, equities analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RBLX. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Citigroup upped their price objective on Roblox from $78.00 to $85.00 and gave the company a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets reiterated an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. Benchmark upped their price objective on Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Roth Mkm upped 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.