Roblox Co. (NYSE:RBLX) Stock Holdings Trimmed by Man Group plc

Man Group plc lessened its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,680,486 shares of the company's stock after selling 192,412 shares during the quarter. Man Group plc owned about 0.28% of Roblox worth $97,233,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new stake in Roblox during the 4th quarter valued at $41,000. Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% during the 4th 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 last quarter. Rakuten Securities Inc. grew its holdings in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after buying an additional 633 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Roblox by 2,955.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company's stock valued at $71,000 after buying an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Up 0.5%

Shares of RBLX traded up $0.44 during midday trading on Friday, reaching $81.21. 9,253,683 shares of the company were exchanged, compared to its average volume of 7,725,787. The stock has a 50-day moving average price of $62.73 and a 200-day moving average price of $60.67. The company has a market cap of $51.16 billion, a price-to-earnings ratio of -56.00 and a beta of 1.46. Roblox Co. has a 1-year low of $31.59 and a 1-year high of $82.02. 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 (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 return on equity of 665.98% and a negative net margin of 25.97%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned ($0.43) earnings per share. The company's revenue for the quarter was up 30.6% compared to the same quarter last year. Research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. FBN Securities assumed coverage on Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price on the stock. The Goldman Sachs Group increased their target price on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday. Benchmark raised their price objective on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Finally, Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average target price of $68.68.

Insider Transactions at Roblox

In related news, CFO Michael Guthrie sold 21,614 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $1,325,802.76. Following the completion of the sale, the chief financial officer now directly owns 395,465 shares of the company's stock, valued at $24,257,823.10. The trade was a 5.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 6,448 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.33, for a total value of $395,455.84. Following the completion of the sale, the chief executive officer now directly owns 122,853 shares of the company's stock, valued at approximately $7,534,574.49. This represents a 4.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,358,232 shares of company stock valued at $161,232,273. 22.15% of the stock is currently owned by insiders.

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.