Roblox Co. (NYSE:RBLX) Position Lessened by HMI Capital Management L.P.

HMI Capital Management L.P. lowered its stake in Roblox Co. (NYSE:RBLX - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,327,596 shares of the company's stock after selling 705,100 shares during the period. Roblox makes up 12.6% of HMI Capital Management L.P.'s portfolio, making the stock its 4th largest holding. HMI Capital Management L.P. owned 0.71% of Roblox worth $250,395,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RBLX. Two Sigma Securities LLC grew its position in shares of Roblox by 168.6% during the 4th quarter. Two Sigma Securities LLC now owns 6,106 shares of the company's stock worth $353,000 after purchasing an additional 15,009 shares in the last quarter. Nebula Research & Development LLC grew its position in shares of Roblox by 58.1% during the 4th quarter. Nebula Research & Development LLC now owns 50,267 shares of the company's stock worth $2,908,000 after purchasing an additional 18,473 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Roblox during the 4th quarter worth approximately $213,000. Integrated Wealth Concepts LLC grew its position in shares of Roblox by 18.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 7,588 shares of the company's stock worth $439,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Roblox by 24.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,363,982 shares of the company's stock worth $252,501,000 after purchasing an additional 871,027 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $11,649,667.84. This trade represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 4,468 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 75,583 shares of the company's stock, valued at $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 902,954 shares of company stock valued at $55,354,971. 22.15% of the stock is owned by insiders.

Roblox Stock Up 0.1 %

Shares of Roblox stock traded up $0.06 on Wednesday, hitting $66.46. The company had a trading volume of 4,257,810 shares, compared to its average volume of 7,861,202. The stock has a market capitalization of $41.77 billion, a price-to-earnings ratio of -45.83 and a beta of 1.49. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock has a 50 day moving average of $59.18 and a 200-day moving average of $57.89. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Barclays dropped their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Roth Mkm increased their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Wedbush reissued an "outperform" rating and issued a $83.00 price objective on shares of Roblox in a research note on Thursday, April 24th. Finally, Oppenheimer raised shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $64.50.

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.