Cibc World Markets Corp Sells 5,898 Shares of Roblox Co. (NYSE:RBLX)

Cibc World Markets Corp trimmed its stake in Roblox Co. (NYSE:RBLX) by 21.4% in the 4th quarter, HoldingsChannel reports. The firm owned 21,667 shares of the company’s stock after selling 5,898 shares during the quarter. Cibc World Markets Corp’s holdings in Roblox were worth $1,254,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RBLX. Toronto Dominion Bank lifted its holdings in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after buying an additional 15,333 shares during the period. Smith Group Asset Management LLC lifted its stake in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of Roblox during the fourth quarter valued at approximately $363,000. Silicon Valley Capital Partners grew its stake in Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after purchasing an additional 1,971 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the transaction, the insider now directly owns 278,161 shares in the company, valued at $16,620,119.75. This represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the sale, the director now directly owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 950,466 shares of company stock worth $61,646,297 in the last three months. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Up 5.7 %

RBLX stock opened at $61.21 on Friday. The business’s 50-day moving average is $63.54 and its two-hundred day moving average is $54.82. The company has a market cap of $37.89 billion, a price-to-earnings ratio of -42.21 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RBLX shares. Benchmark reaffirmed a “buy” rating and issued a $71.00 target price on shares of Roblox in a research report on Tuesday. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. Citigroup upped their price target on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Piper Sandler reiterated an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Wedbush reissued an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

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.