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

Guggenheim Capital LLC cut its holdings in Roblox Co. (NYSE:RBLX – Get Rating) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,969 shares of the company’s stock after selling 3,610 shares during the period. Guggenheim Capital LLC’s holdings in Roblox were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RBLX. 1832 Asset Management L.P. acquired a new stake in shares of Roblox during the 1st quarter worth $32,000. Truvestments Capital LLC acquired a new stake in shares of Roblox during the 2nd quarter worth $35,000. CoreCap Advisors LLC acquired a new stake in shares of Roblox during the 2nd quarter worth $36,000. Salem Investment Counselors Inc. increased its holdings in shares of Roblox by 125.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,258 shares of the company’s stock worth $45,000 after buying an additional 700 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Roblox during the 3rd quarter worth $46,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David Baszucki sold 550,000 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $38.14, for a total transaction of $20,977,000.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at $38.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO David Baszucki sold 550,000 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $38.14, for a total transaction of $20,977,000.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at $38.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,178 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $37.85, for a total transaction of $120,287.30. Following the sale, the chief accounting officer now owns 90,745 shares in the company, valued at approximately $3,434,698.25. The disclosure for this sale can be found here. Insiders have sold a total of 619,378 shares of company stock worth $23,576,761 over the last quarter. 28.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RBLX shares. Piper Sandler upped their price objective on Roblox from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, February 16th. Cowen dropped their price objective on Roblox to $27.00 in a report on Tuesday, November 15th. Needham & Company LLC upped their price target on shares of Roblox from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. DA Davidson upped their price target on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Finally, BTIG Research upped their price target on shares of Roblox from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.75.

Roblox Stock Performance

Shares of RBLX stock opened at $40.05 on Friday. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.55 and a current ratio of 1.55. Roblox Co. has a one year low of $21.65 and a one year high of $53.88. The company’s 50-day simple moving average is $36.48 and its 200-day simple moving average is $36.35. The stock has a market capitalization of $22.18 billion, a price-to-earnings ratio of -25.84 and a beta of 1.72.

Roblox (NYSE:RBLX – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.07. Roblox had a negative net margin of 41.54% and a negative return on equity of 200.01%. The business had revenue of $899.40 million for the quarter, compared to analysts’ expectations of $884.71 million. During the same quarter last year, the company posted ($0.25) earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Roblox Co. will post -1.84 earnings per share for the current fiscal year.

About Roblox

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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.