Roblox Co. (NYSE:RBLX) Stake Cut by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its holdings in shares of Roblox Co. (NYSE:RBLX) by 63.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,177 shares of the company’s stock after selling 71,543 shares during the period. Douglas Lane & Associates LLC’s holdings in Roblox were worth $2,383,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc increased its position in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Impact Partnership Wealth LLC increased its holdings in shares of Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after acquiring an additional 245 shares during the period. GAMMA Investing LLC lifted its position in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Metis Global Partners LLC boosted its stake in Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after purchasing an additional 288 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in Roblox by 5.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Up 1.2 %

Shares of Roblox stock opened at $62.03 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $63.58. The firm has a market capitalization of $37.69 billion, a PE ratio of -37.82 and a beta of 1.43. The stock’s fifty day moving average is $55.53 and its 200-day moving average is $46.33.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned ($0.45) earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Mark Reinstra sold 24,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the sale, the insider now directly owns 278,161 shares of the company’s stock, valued at $16,620,119.75. This represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Manuel Bronstein sold 37,846 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.03, for a total transaction of $1,969,127.38. Following the transaction, the insider now directly owns 674,259 shares in the company, valued at $35,081,695.77. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,254,601 shares of company stock valued at $65,622,735. Company insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of recent analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Canaccord Genuity Group upped their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Macquarie raised their target price on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.67.

Roblox Company 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.