Algert Global LLC Has $453,000 Stock Position in Roblox Co. (NYSE:RBLX)

Algert Global LLC reduced its position in shares of Roblox Co. (NYSE:RBLX) by 58.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,830 shares of the company’s stock after selling 11,076 shares during the period. Algert Global LLC’s holdings in Roblox were worth $453,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Freestone Grove Partners LP acquired a new position in shares of Roblox during the fourth quarter worth $7,683,000. Voleon Capital Management LP acquired a new stake in Roblox in the fourth quarter valued at $4,048,000. Utah Retirement Systems grew its holdings in Roblox by 3.1% during the 4th quarter. Utah Retirement Systems now owns 87,116 shares of the company’s stock worth $5,041,000 after acquiring an additional 2,600 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in Roblox by 110.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 255,400 shares of the company’s stock worth $14,777,000 after acquiring an additional 134,200 shares during the period. Finally, Northern Trust Corp grew its holdings in Roblox by 15.5% during the 4th quarter. Northern Trust Corp now owns 3,104,224 shares of the company’s stock worth $179,610,000 after acquiring an additional 415,837 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

NYSE RBLX opened at $71.89 on Monday. Roblox Co. has a 52-week low of $30.83 and a 52-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. The company has a market capitalization of $45.29 billion, a P/E ratio of -49.58 and a beta of 1.46. The company has a fifty day moving average of $60.65 and a 200-day moving average of $59.67.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted ($0.43) EPS. The firm’s revenue was up 30.6% compared to the same quarter last year. As a group, equities research analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RBLX shares. Needham & Company LLC reissued a “buy” rating on shares of Roblox in a research report on Friday, May 2nd. Canaccord Genuity Group raised their price target on shares of Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Roth Mkm raised their price target on shares of Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Benchmark raised their price target on shares of Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, Macquarie raised their price target on shares of Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.91.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 1,375,002 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $72.19, for a total value of $99,261,394.38. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $16,024,952.77. The trade was a 86.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now directly owns 417,079 shares of the company’s stock, valued at $27,502,189.26. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,164,386 shares of company stock valued at $146,492,013. Insiders own 22.15% of the company’s stock.

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.