Roblox Co. (NYSE:RBLX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Roblox Co. (NYSE:RBLX) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 272,767 shares of the company’s stock after selling 17,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Roblox were worth $15,782,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RBLX. Frazier Financial Advisors LLC grew its holdings in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of 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 purchasing an additional 239 shares in the last quarter. Huntington National Bank increased its holdings in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares during the period. True Wealth Design LLC raised its stake in shares of Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares during the period. Institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling

In related news, insider Arvind Chakravarthy sold 14,269 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total transaction of $705,316.67. Following the transaction, the insider now directly owns 244,803 shares of the company’s stock, valued at approximately $12,100,612.29. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,062,052 shares of company stock valued at $65,611,500. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Down 0.5 %

RBLX stock opened at $62.52 on Monday. The company’s 50 day simple moving average is $64.04 and its 200-day simple moving average is $52.57. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market capitalization of $38.70 billion, a P/E ratio of -43.11 and a beta of 1.46.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on RBLX shares. Citigroup raised their target price on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Raymond James restated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. CICC Research initiated coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, Macquarie boosted their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.19.

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.