Tidal Investments LLC Sells 64,376 Shares of Roblox Co. (NYSE:RBLX)

Tidal Investments LLC reduced its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 13.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 425,799 shares of the company's stock after selling 64,376 shares during the period. Tidal Investments LLC owned about 0.07% of Roblox worth $24,637,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Smith Group Asset Management LLC lifted its holdings in Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in Roblox during the 4th quarter valued at about $363,000. Silicon Valley Capital Partners lifted its holdings in Roblox by 3,010.0% during the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock valued at $3,998,000 after purchasing an additional 66,882 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after purchasing an additional 1,971 shares during the last quarter. Finally, Amundi lifted its holdings in Roblox by 111.4% during the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock valued at $198,010,000 after purchasing an additional 1,681,263 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RBLX has been the subject of several analyst reports. Canaccord Genuity Group lifted their price target on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their target price on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Benchmark boosted their target price on shares of Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a research note on Friday, February 7th. Finally, Roth Mkm boosted their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $68.68.

Insider Activity at Roblox

In other news, CAO Amy Marie Rawlings sold 4,468 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at $4,636,261.22. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $79.94, for a total transaction of $479,640.00. Following the completion of the transaction, the insider now owns 346,244 shares of the company's stock, valued at $27,678,745.36. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,432,954 shares of company stock worth $167,209,673. 22.15% of the stock is currently owned by company insiders.

Roblox Trading Down 0.6%

NYSE RBLX traded down $0.48 during trading on Wednesday, reaching $81.23. 6,533,463 shares of the stock traded hands, compared to its average volume of 7,731,752. The firm has a market cap of $51.18 billion, a price-to-earnings ratio of -56.02 and a beta of 1.46. The stock's 50-day moving average price is $63.74 and its 200 day moving average price is $61.21. 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 Co. has a fifty-two week low of $31.59 and a fifty-two week high of $83.01.

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