EFG Asset Management North America Corp. Sells 28,407 Shares of Roblox Co. (NYSE:RBLX)

EFG Asset Management North America Corp. lowered its position in Roblox Co. (NYSE:RBLX - Free Report) by 26.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,399 shares of the company's stock after selling 28,407 shares during the period. EFG Asset Management North America Corp.'s holdings in Roblox were worth $3,633,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Roblox by 5.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 110,880 shares of the company's stock worth $3,211,000 after acquiring an additional 6,024 shares during the last quarter. CIBC Asset Management Inc increased its position in Roblox by 5.9% in the third quarter. CIBC Asset Management Inc now owns 15,347 shares of the company's stock worth $444,000 after buying an additional 856 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Roblox by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 32,575 shares of the company's stock worth $943,000 after buying an additional 798 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Roblox by 19.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,200 shares of the company's stock valued at $382,000 after acquiring an additional 2,145 shares during the period. Finally, FDx Advisors Inc. increased its holdings in Roblox by 28.7% in the 3rd quarter. FDx Advisors Inc. now owns 9,440 shares of the company's stock worth $273,000 after acquiring an additional 2,105 shares in the last quarter. Institutional investors own 91.08% of the company's stock.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 100,000 shares of the firm's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $38.31, for a total transaction of $3,831,000.00. Following the transaction, the chief executive officer now directly owns 148,845 shares in the company, valued at approximately $5,702,251.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 100,000 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $38.31, for a total value of $3,831,000.00. Following the sale, the chief executive officer now directly owns 148,845 shares in the company, valued at approximately $5,702,251.95. The disclosure for this sale can be found here. Insiders sold a total of 317,650 shares of company stock valued at $12,155,579 in the last three months. Company insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RBLX shares. Stifel Nicolaus reiterated a "buy" rating and issued a $53.00 price target on shares of Roblox in a research report on Monday, April 22nd. Moffett Nathanson raised Roblox from a "sell" rating to a "neutral" rating and decreased their price target for the company from $31.00 to $26.00 in a report on Friday, May 10th. Roth Mkm reaffirmed a "neutral" rating and issued a $35.00 price objective (down previously from $55.00) on shares of Roblox in a research note on Tuesday. Roth Capital lowered shares of Roblox from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $56.00 price objective (down previously from $57.00) on shares of Roblox in a research report on Monday. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and a consensus target price of $41.76.

Roblox Trading Up 0.4 %

Shares of NYSE RBLX traded up $0.13 during midday trading on Friday, hitting $32.89. The company's stock had a trading volume of 6,421,244 shares, compared to its average volume of 8,304,438. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm has a market cap of $19.45 billion, a P/E ratio of -17.69 and a beta of 1.63. The business's 50 day moving average is $37.01 and its two-hundred day moving average is $39.42.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, topping analysts' consensus estimates of ($0.53) by $0.10. The business had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The business's revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.44) earnings per share. As a group, equities research analysts expect that Roblox Co. will post -1.7 EPS for the current year.

About Roblox

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.

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