Roblox Co. (NYSE:RBLX) Position Decreased by Fox Run Management L.L.C.

Fox Run Management L.L.C. reduced its holdings in Roblox Co. (NYSE:RBLX) by 71.6% during the fourth quarter, Holdings Channel reports. The firm owned 7,771 shares of the company’s stock after selling 19,639 shares during the period. Fox Run Management L.L.C.’s holdings in Roblox were worth $450,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO David Baszucki sold 34,099 shares of Roblox stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total value of $3,007,000.00. Following the sale, the chief financial officer now owns 395,465 shares of the company’s stock, valued at approximately $23,783,265.10. The trade was a 11.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 926,466 shares of company stock valued at $60,212,297 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on RBLX shares. HSBC initiated coverage on shares of Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. Roth Mkm raised their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Citigroup boosted their target price on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. CICC Research assumed coverage on Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC upped their price target on Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Roblox Trading Up 1.4 %

Roblox stock opened at $62.01 on Wednesday. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The company’s fifty day moving average price is $63.53 and its two-hundred day moving average price is $55.24. The company has a market capitalization of $38.38 billion, a price-to-earnings ratio of -42.77 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

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