Roblox Co. (NYSE:RBLX) Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its stake in shares of Roblox Co. (NYSE:RBLX) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,001 shares of the company’s stock after selling 5,800 shares during the period. Whittier Trust Co.’s holdings in Roblox were worth $5,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in Roblox during the 3rd quarter worth approximately $27,000. PARK CIRCLE Co purchased a new position in shares of Roblox during the second quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox during the second quarter valued at $33,000. Gilliland Jeter Wealth Management LLC lifted its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares in the last quarter. Finally, Washington Trust Advisors Inc. acquired a new stake in Roblox during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Price Performance

NYSE:RBLX opened at $40.31 on Tuesday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $48.43. The firm’s fifty day simple moving average is $43.14 and its 200 day simple moving average is $38.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same period last year, the business posted ($0.46) EPS. Roblox’s revenue was up 31.2% compared to the same quarter last year. As a group, sell-side analysts expect that Roblox Co. will post -1.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RBLX shares. Wedbush reiterated an “outperform” rating and issued a $49.00 target price on shares of Roblox in a report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on shares of Roblox from $46.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets reissued an “outperform” rating and set a $56.00 target price on shares of Roblox in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group increased their price objective on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.14.

Insider Activity at Roblox

In related news, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total value of $620,750.00. Following the transaction, the director now directly owns 9,662,103 shares in the company, valued at approximately $461,365,418.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.50, for a total value of $1,245,000.00. Following the sale, the chief financial officer now directly owns 352,844 shares in the company, valued at $14,643,026. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total transaction of $620,750.00. Following the completion of the sale, the director now owns 9,662,103 shares in the company, valued at $461,365,418.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 625,673 shares of company stock worth $27,331,806. 22.15% of the stock is owned by 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.