Roblox Co. (NYSE:RBLX) Shares Sold by Cwm LLC

Cwm LLC cut its holdings in shares of Roblox Co. (NYSE:RBLX) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,641 shares of the company’s stock after selling 2,405 shares during the period. Cwm LLC’s holdings in Roblox were worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RBLX. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Roblox in the fourth quarter worth about $236,000. Signaturefd LLC raised its position in shares of Roblox by 15.8% in the fourth quarter. Signaturefd LLC now owns 4,770 shares of the company’s stock worth $218,000 after acquiring an additional 651 shares during the period. Lindbrook Capital LLC raised its position in shares of Roblox by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 1,637 shares of the company’s stock worth $75,000 after acquiring an additional 700 shares during the period. abrdn plc raised its position in shares of Roblox by 105.7% in the fourth quarter. abrdn plc now owns 157,420 shares of the company’s stock worth $7,197,000 after acquiring an additional 80,896 shares during the period. Finally, Institute for Wealth Management LLC. acquired a new position in shares of Roblox in the fourth quarter worth about $273,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

Shares of RBLX stock opened at $34.97 on Thursday. The firm’s 50 day moving average price is $38.84 and its 200-day moving average price is $38.99. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The firm has a market cap of $20.67 billion, a P/E ratio of -18.70 and a beta of 1.63.

Roblox (NYSE:RBLX) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.48) EPS. As a group, equities research analysts predict that Roblox Co. will post -2.1 EPS for the current year.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of analyst reports. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $26.00 to $46.00 in a research report on Thursday, February 8th. Wedbush boosted their target price on shares of Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. The Goldman Sachs Group raised shares of Roblox from a “sell” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $48.00 in a research note on Thursday, February 8th. Roth Mkm upped their price objective on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $41.00 to $48.00 in a research note on Tuesday. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $47.60.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total transaction of $146,760.00. Following the sale, the insider now directly owns 359,453 shares in the company, valued at approximately $13,188,330.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO David Baszucki sold 100,000 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $38.31, for a total value of $3,831,000.00. Following the sale, the chief executive officer now directly owns 148,845 shares in the company, valued at approximately $5,702,251.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Reinstra sold 4,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total transaction of $146,760.00. Following the completion of the transaction, the insider now directly owns 359,453 shares in the company, valued at $13,188,330.57. The disclosure for this sale can be found here. Insiders have sold a total of 699,374 shares of company stock worth $29,183,298 in the last ninety days. 22.15% of the stock is owned by corporate insiders.

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.