CoreCap Advisors LLC Sells 1,125 Shares of Roblox Co. (NYSE:RBLX)

CoreCap Advisors LLC cut its holdings in Roblox Co. (NYSE:RBLX) by 47.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,260 shares of the company’s stock after selling 1,125 shares during the period. CoreCap Advisors LLC’s holdings in Roblox were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Smith Group Asset Management LLC increased its position in 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 buying an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Roblox in the 4th quarter valued at about $363,000. Silicon Valley Capital Partners increased its position in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after buying an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC increased its position in Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after buying an additional 1,971 shares in the last quarter. Finally, Amundi increased its position in Roblox by 111.4% in the 4th quarter. Amundi now owns 3,191,137 shares of the company’s stock valued at $198,010,000 after buying an additional 1,681,263 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Anthony P. Lee sold 12,800 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $73.46, for a total transaction of $940,288.00. Following the transaction, the director now directly owns 296,584 shares in the company, valued at $21,787,060.64. This trade represents a 4.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 4,468 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. The trade was a 5.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,131,507 shares of company stock worth $144,420,228 in the last ninety days. 22.15% of the stock is owned by insiders.

Roblox Price Performance

RBLX opened at $77.06 on Wednesday. The stock’s 50 day simple moving average is $61.23 and its 200 day simple moving average is $60.01. 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 Co. has a 1 year low of $30.83 and a 1 year high of $77.69. The firm has a market cap of $48.55 billion, a price-to-earnings ratio of -53.14 and a beta of 1.46.

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

Analyst Upgrades and Downgrades

RBLX has been the topic of several analyst reports. FBN Securities initiated coverage on Roblox in a research report on Friday, March 28th. They set a “sector perform” rating and a $65.00 target price on the stock. Barclays boosted their price objective on Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Moffett Nathanson lowered Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. Benchmark boosted their price objective on Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group boosted their price objective on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.91.

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.