Natixis Reduces Position in Roblox Co. (NYSE:RBLX)

Natixis reduced its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 80.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,532 shares of the company's stock after selling 160,549 shares during the period. Natixis' holdings in Roblox were worth $2,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the last quarter. Rakuten Securities Inc. grew its position in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after acquiring an additional 271 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Activity at Roblox

In related news, insider Arvind Chakravarthy sold 982 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now owns 204,261 shares in the company, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 4,468 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 902,954 shares of company stock valued at $55,354,971 over the last 90 days. Corporate insiders own 22.15% of the company's stock.

Roblox Stock Up 1.5 %

RBLX traded up $0.96 during midday trading on Friday, reaching $66.65. The company's stock had a trading volume of 4,438,329 shares, compared to its average volume of 7,872,915. The firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of -45.97 and a beta of 1.49. 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 Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock's 50-day moving average is $59.06 and its 200-day moving average is $57.65.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on RBLX. Benchmark reissued a "buy" rating and set a $71.00 price objective on shares of Roblox in a research note on Tuesday, March 18th. Needham & Company LLC increased their price objective on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Piper Sandler reissued an "overweight" rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price objective on Roblox from $76.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. 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 issued a strong buy rating to the company. According to data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average target price 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.