Roblox Co. (NYSE:RBLX) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC cut its holdings in Roblox Co. (NYSE:RBLX) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 35,802 shares of the company’s stock after selling 1,004 shares during the period. OneDigital Investment Advisors LLC’s holdings in Roblox were worth $2,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Virtu Financial LLC acquired a new position in Roblox in the 3rd quarter valued at about $2,341,000. World Investment Advisors LLC acquired a new position in shares of Roblox in the third quarter valued at approximately $204,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Roblox in the third quarter valued at approximately $533,000. Principal Financial Group Inc. boosted its position in Roblox by 308.2% during the third quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after acquiring an additional 137,267 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares of the company’s stock, valued at $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 229,167 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the sale, the chief executive officer now owns 221,983 shares in the company, valued at $11,649,667.84. The trade was a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 902,954 shares of company stock worth $55,354,971. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Up 2.1 %

Shares of NYSE:RBLX opened at $63.46 on Thursday. The firm has a market cap of $39.88 billion, a PE ratio of -43.77 and a beta of 1.49. 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 12-month low of $29.55 and a 12-month high of $75.74. The company has a fifty day simple moving average of $59.06 and a 200 day simple moving average of $57.08.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on RBLX. Roth Mkm raised their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Citigroup upped their price objective 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. Morgan Stanley lowered their target price on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group increased their price target on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.50.

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.