Roblox Co. (NYSE:RBLX) Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC decreased its position in Roblox Co. (NYSE:RBLX) by 11.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,413 shares of the company’s stock after selling 1,430 shares during the quarter. Interchange Capital Partners LLC’s holdings in Roblox were worth $505,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after acquiring an additional 548 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Roblox during the first quarter valued at $230,000. Maryland State Retirement & Pension System boosted its position in shares of Roblox by 4.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 36,877 shares of the company’s stock valued at $1,343,000 after purchasing an additional 1,492 shares during the period. Private Advisor Group LLC increased its stake in Roblox by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 60,111 shares of the company’s stock worth $2,295,000 after purchasing an additional 2,506 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Roblox by 4.8% during the 1st quarter. Nordea Investment Management AB now owns 28,492 shares of the company’s stock worth $1,104,000 after buying an additional 1,298 shares during the period. Institutional investors own 91.08% of the company’s stock.

Roblox Stock Down 0.5 %

Shares of RBLX stock traded down $0.25 on Friday, hitting $51.47. The company’s stock had a trading volume of 3,374,215 shares, compared to its average volume of 7,362,861. The stock has a market capitalization of $30.80 billion, a price-to-earnings ratio of -29.74 and a beta of 1.60. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $52.65. The firm’s fifty day moving average price is $43.53 and its 200-day moving average price is $39.23. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.45) earnings per share. Research analysts anticipate that Roblox Co. will post -1.58 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent analyst reports. Barclays raised their target price on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price objective on shares of Roblox in a research report on Tuesday, July 30th. The Goldman Sachs Group increased their target price on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Canaccord Genuity Group lifted their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday. Finally, Jefferies Financial Group initiated coverage on Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 price objective for the company. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.85.

Insiders Place Their Bets

In related news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO David Baszucki sold 166,668 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the completion of the sale, the chief executive officer now owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 779,341 shares of company stock valued at $33,831,012 over the last 90 days. 22.15% of the stock is currently owned by company 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.