Washington Harbour Partners LP Has $1.34 Million Position in Roblox Co. (NYSE:RBLX)

Washington Harbour Partners LP cut its stake in shares of Roblox Co. (NYSE:RBLX) by 33.2% during the 4th quarter, Holdings Channel reports. The fund owned 23,100 shares of the company’s stock after selling 11,500 shares during the period. Roblox comprises approximately 2.5% of Washington Harbour Partners LP’s investment portfolio, making the stock its 19th largest position. Washington Harbour Partners LP’s holdings in Roblox were worth $1,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after buying an additional 4,406,885 shares during the period. Durable Capital Partners LP bought a new position in Roblox in the fourth quarter worth approximately $246,560,000. Finally, Ieq Capital LLC grew its stake in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after acquiring an additional 3,507,901 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 229,167 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the sale, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $11,649,667.84. This represents a 50.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the transaction, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,432,954 shares of company stock valued at $167,209,673. Company insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of Roblox stock opened at $81.16 on Tuesday. The business’s fifty day simple moving average is $63.22 and its 200 day simple moving average is $61.07. 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 $31.59 and a 12 month high of $82.02. The firm has a market capitalization of $51.13 billion, a P/E ratio of -55.97 and a beta of 1.46.

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

Analyst Ratings Changes

RBLX has been the topic of a number of research reports. Citigroup upped their target price on Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Barclays boosted their price target on shares of Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Roth Mkm raised their price objective on shares of Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Benchmark lifted their price objective on shares of Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price of $68.68.

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.