Roblox Co. (NYSE:RBLX) Stock Holdings Lowered by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC trimmed its holdings in shares of Roblox Co. (NYSE:RBLX) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,509 shares of the company’s stock after selling 3,233 shares during the period. HighPoint Advisor Group LLC’s holdings in Roblox were worth $550,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in Roblox by 21.3% during the third quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company’s stock valued at $1,533,000 after buying an additional 6,077 shares in the last quarter. Townsquare Capital LLC purchased a new stake in shares of Roblox in the 3rd quarter valued at approximately $547,000. Captrust Financial Advisors acquired a new position in Roblox in the 3rd quarter worth approximately $818,000. Benjamin Edwards Inc. grew its position in Roblox by 12,971.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock worth $2,302,000 after purchasing an additional 51,626 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Roblox by 3.9% during the 3rd quarter. Janus Henderson Group PLC now owns 48,908 shares of the company’s stock valued at $2,164,000 after purchasing an additional 1,827 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the transaction, the insider now owns 204,261 shares in the company, valued at $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 34,099 shares of the firm’s stock in a transaction that occurred on 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 owns 221,983 shares of the company’s stock, valued at $12,664,130.15. This trade represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 926,466 shares of company stock worth $60,212,297. 22.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. Citigroup raised their price target on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Wedbush reissued an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.23.

Roblox Trading Up 1.0 %

Roblox stock opened at $61.61 on Thursday. The business’s 50-day simple moving average is $62.88 and its 200-day simple moving average is $55.80. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a market capitalization of $38.14 billion, a PE ratio of -42.49 and a beta of 1.49. 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 for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current 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.