Daiwa Securities Group Inc. Sells 1,386 Shares of Roblox Co. (NYSE:RBLX)

Daiwa Securities Group Inc. reduced its position in Roblox Co. (NYSE:RBLXGet Rating) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,872 shares of the company’s stock after selling 1,386 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Roblox were worth $1,070,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System acquired a new stake in shares of Roblox during the 2nd quarter valued at about $15,338,000. Los Angeles Capital Management LLC bought a new stake in shares of Roblox in the 2nd quarter valued at approximately $848,000. Tiedemann Advisors LLC grew its stake in shares of Roblox by 33.4% in the 3rd quarter. Tiedemann Advisors LLC now owns 10,352 shares of the company’s stock valued at $371,000 after purchasing an additional 2,594 shares during the period. Toronto Dominion Bank lifted its position in shares of Roblox by 182,355.8% during the 2nd quarter. Toronto Dominion Bank now owns 78,456 shares of the company’s stock worth $2,577,000 after buying an additional 78,413 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in Roblox in the 2nd quarter valued at $249,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insiders Place Their Bets

In other news, insider Craig Donato sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $29.33, for a total value of $58,660.00. Following the completion of the sale, the insider now directly owns 1,152,491 shares of the company’s stock, valued at approximately $33,802,561.03. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO David Baszucki sold 550,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $31.85, for a total transaction of $17,517,500.00. Following the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $31.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Donato sold 2,000 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $29.33, for a total value of $58,660.00. Following the completion of the transaction, the insider now directly owns 1,152,491 shares of the company’s stock, valued at $33,802,561.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 590,999 shares of company stock worth $18,791,858. Insiders own 28.22% of the company’s stock.

Roblox Stock Performance

RBLX opened at $35.38 on Monday. The company has a fifty day moving average price of $31.01 and a two-hundred day moving average price of $37.50. Roblox Co. has a 52 week low of $21.65 and a 52 week high of $74.92. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.33.

Roblox (NYSE:RBLXGet Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.14). The company had revenue of $701.72 million during the quarter, compared to the consensus estimate of $694.88 million. Roblox had a negative return on equity of 145.60% and a negative net margin of 35.12%. On average, sell-side analysts forecast that Roblox Co. will post -1.65 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on RBLX. DA Davidson dropped their price objective on Roblox from $55.00 to $50.00 in a research note on Thursday, November 10th. Piper Sandler reduced their price target on shares of Roblox from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 9th. The Goldman Sachs Group dropped their price objective on shares of Roblox from $24.00 to $19.00 and set a “sell” rating for the company in a report on Thursday. Truist Financial reduced their target price on Roblox to $37.00 in a report on Monday, November 28th. Finally, Barclays began coverage on Roblox in a research report on Tuesday, October 11th. They set an “underweight” rating and a $20.00 price target on the stock. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.78.

Roblox Company Profile

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

See Also

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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