Roblox Co. (NYSE:RBLX) Shares Sold by Cwm LLC

Cwm LLC trimmed its position in shares of Roblox Co. (NYSE:RBLX) by 3.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 69,641 shares of the company’s stock after selling 2,405 shares during the period. Cwm LLC’s holdings in Roblox were worth $3,184,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC grew its holdings in Roblox by 7.8% during the 4th quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after purchasing an additional 320 shares in the last quarter. Independent Advisor Alliance boosted its stake in Roblox by 3.1% during the 3rd quarter. Independent Advisor Alliance now owns 11,851 shares of the company’s stock valued at $343,000 after acquiring an additional 352 shares during the last quarter. Signaturefd LLC boosted its stake in Roblox by 9.3% during the 3rd quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock valued at $119,000 after acquiring an additional 352 shares during the last quarter. Sepio Capital LP boosted its stake in Roblox by 3.0% during the 3rd quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock valued at $374,000 after acquiring an additional 382 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its stake in Roblox by 23.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock valued at $62,000 after acquiring an additional 403 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 3,777 shares of Roblox 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 transaction, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Roblox news, CTO Daniel Sturman sold 7,762 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $315,447.68. Following the completion of the transaction, the chief technology officer now directly owns 492,026 shares in the company, valued at $19,995,936.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The disclosure for this sale can be found here. Insiders have sold 699,374 shares of company stock valued at $29,183,298 in the last quarter. Insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Roth Mkm increased their price objective on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Needham & Company LLC raised their price target on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets raised their price target on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and issued a $53.00 price target on shares of Roblox in a research report on Monday. Finally, The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $48.00 in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Roblox Stock Down 3.7 %

Roblox stock opened at $34.97 on Thursday. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of -18.70 and a beta of 1.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The company’s 50-day moving average price is $38.84 and its two-hundred day moving average price is $38.99. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20.

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

Roblox 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.