Soma Equity Partners LP Reduces Holdings in Roblox Co. (NYSE:RBLX)

Soma Equity Partners LP decreased its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,896,911 shares of the company's stock after selling 99,867 shares during the quarter. Roblox makes up about 9.3% of Soma Equity Partners LP's holdings, making the stock its 2nd biggest position. Soma Equity Partners LP owned approximately 0.48% of Roblox worth $167,615,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Colonial Trust Co SC bought a new position in shares of Roblox during the 4th quarter worth about $41,000. Parkside Financial Bank & Trust lifted its position in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares during the period. Rakuten Securities Inc. grew its holdings in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 633 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Roblox by 2,955.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company's stock valued at $71,000 after purchasing an additional 1,182 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 16,432 shares of Roblox stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the completion of the sale, the insider now owns 322,774 shares in the company, valued at $19,815,095.86. The trade was a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,432,954 shares of company stock valued at $167,209,673. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Down 0.1%

Shares of NYSE:RBLX traded down $0.11 during mid-day trading on Monday, reaching $81.16. The stock had a trading volume of 7,473,976 shares, compared to its average volume of 7,729,986. The firm has a market cap of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46. The firm has a 50 day simple moving average of $62.73 and a two-hundred day simple moving average of $60.86. 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 twelve month low of $31.59 and a twelve month high of $82.02.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.43) earnings per share. On average, research analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RBLX shares. Piper Sandler reissued an "overweight" rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. FBN Securities initiated coverage on Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target on the stock. Barclays increased their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Macquarie boosted their price target on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, six 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $68.68.

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.