Nisa Investment Advisors LLC Has $503,000 Stock Position in Roblox Co. (NYSE:RBLX)

Nisa Investment Advisors LLC reduced its position in Roblox Co. (NYSE:RBLX) by 16.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,995 shares of the company’s stock after selling 2,205 shares during the period. Nisa Investment Advisors LLC’s holdings in Roblox were worth $503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Roblox by 171.8% in the 3rd quarter. Barclays PLC now owns 1,086,243 shares of the company’s stock valued at $31,457,000 after buying an additional 686,594 shares during the period. Aviva PLC grew its stake in shares of Roblox by 202.5% during the third quarter. Aviva PLC now owns 195,411 shares of the company’s stock worth $5,659,000 after purchasing an additional 130,818 shares during the period. Morgan Stanley grew its stake in shares of Roblox by 13.7% during the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after purchasing an additional 4,927,848 shares during the period. Vanguard Group Inc. grew its stake in shares of Roblox by 29.0% during the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after purchasing an additional 10,025,779 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Roblox during the third quarter worth $6,415,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roblox

In other Roblox news, CEO David Baszucki sold 200,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares in the company, valued at $44.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Roblox news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at $44.15. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at $3,906,520. The disclosure for this sale can be found here. Over the last three months, insiders sold 703,707 shares of company stock valued at $29,379,607. 27.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Needham & Company LLC lifted their price objective on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Wedbush lifted their price objective on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Benchmark reissued a “buy” rating and issued a $46.00 target price on shares of Roblox in a research note on Tuesday, January 23rd. Finally, Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $26.00 to $46.00 in a research note on Thursday, February 8th. Five 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 stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $46.25.

Roblox Trading Down 0.7 %

Shares of NYSE:RBLX opened at $36.37 on Thursday. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50-day moving average price is $39.69 and its two-hundred day moving average price is $38.78. The stock has a market capitalization of $21.50 billion, a PE ratio of -19.45 and a beta of 1.63. Roblox Co. has a one year low of $24.88 and a one year high of $47.20.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.48) earnings per share. On average, equities analysts forecast that Roblox Co. will post -2.1 EPS for the current fiscal year.

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.