Allspring Global Investments Holdings LLC Sells 839,262 Shares of Roblox Co. (NYSE:RBLX)

Allspring Global Investments Holdings LLC reduced its position in shares of Roblox Co. (NYSE:RBLX) by 45.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,012,869 shares of the company’s stock after selling 839,262 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.17% of Roblox worth $59,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC increased its stake in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after acquiring an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Roblox in the 4th quarter valued at about $363,000. Entropy Technologies LP increased its stake in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after acquiring an additional 62,521 shares during the last quarter. Finally, Silicon Valley Capital Partners increased its stake in shares of Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after acquiring an additional 66,882 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Michael Guthrie sold 21,657 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $1,113,819.51. Following the sale, the chief financial officer now owns 331,187 shares in the company, valued at approximately $17,032,947.41. This represents a 6.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 333,334 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the sale, the chief executive officer now owns 129,295 shares in the company, valued at approximately $7,409,896.45. This trade represents a 72.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,287,014 shares of company stock valued at $76,969,089. 22.15% of the stock is owned by insiders.

Roblox Trading Up 2.1 %

NYSE RBLX opened at $65.56 on Friday. The company has a market cap of $39.83 billion, a PE ratio of -45.21 and a beta of 1.46. The company has a current ratio of 0.98, a quick 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 $75.74. The stock has a 50 day moving average of $63.30 and a 200-day moving average of $51.30.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, equities research analysts anticipate that Roblox Co. will post -1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of recent analyst reports. BTIG Research upped their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. HSBC began coverage on Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target for the company. Benchmark boosted their price objective on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, February 7th. CICC Research began coverage on Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. Finally, Canaccord Genuity Group boosted their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

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.