Victory Capital Management Inc. Has $6.76 Million Stake in Roblox Co. (NYSE:RBLX)

Victory Capital Management Inc. reduced its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,923 shares of the company's stock after selling 28,748 shares during the period. Victory Capital Management Inc.'s holdings in Roblox were worth $6,763,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RBLX. Allspring Global Investments Holdings LLC bought a new position in shares of Roblox during the fourth quarter valued at approximately $25,000. Blue Trust Inc. increased its position in Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock worth $49,000 after buying an additional 912 shares during the period. Allworth Financial LP lifted its stake in Roblox by 90.2% in the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company's stock valued at $57,000 after buying an additional 587 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of Roblox during the fourth quarter worth about $58,000. Finally, Lindbrook Capital LLC increased its holdings in shares of Roblox by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company's stock worth $75,000 after acquiring an additional 700 shares during the period. 91.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Roth Mkm reissued a "neutral" rating and set a $35.00 target price (down from $55.00) on shares of Roblox in a research note on Tuesday. Piper Sandler reissued an "overweight" rating and issued a $40.00 price objective (down from $56.00) on shares of Roblox in a report on Friday, May 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $56.00 target price (down previously from $57.00) on shares of Roblox in a research note on Monday. JPMorgan Chase & Co. upgraded Roblox from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $41.00 to $48.00 in a research report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Roblox from $55.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 10th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.76.

Roblox Trading Up 4.3 %

NYSE RBLX traded up $1.35 on Wednesday, hitting $33.01. 8,669,655 shares of the company were exchanged, compared to its average volume of 8,324,100. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The firm has a market capitalization of $19.52 billion, a P/E ratio of -17.75 and a beta of 1.63. The company's 50 day moving average price is $37.16 and its 200-day moving average price is $39.46.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The business had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. During the same quarter in the previous year, the business earned ($0.44) earnings per share. The firm's revenue was up 19.4% compared to the same quarter last year. Analysts predict that Roblox Co. will post -1.83 earnings per share for the current fiscal year.

Insider Activity

In other Roblox news, Director Andrea L. Wong sold 5,276 shares of the firm's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $31.13, for a total transaction of $164,241.88. Following the completion of the sale, the director now directly owns 26,319 shares in the company, valued at approximately $819,310.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Roblox news, Director Andrea L. Wong sold 5,276 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $31.13, for a total value of $164,241.88. Following the completion of the sale, the director now owns 26,319 shares in the company, valued at approximately $819,310.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Guthrie sold 10,972 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $445,902.08. Following the transaction, the chief financial officer now owns 233,629 shares in the company, valued at $9,494,682.56. The disclosure for this sale can be found here. Insiders sold 317,650 shares of company stock worth $12,155,579 over the last quarter. Corporate insiders own 22.15% of the company's stock.

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.