Sigma Planning Corp Cuts Stock Holdings in Roblox Co. (NYSE:RBLX)

Sigma Planning Corp lowered its stake in shares of Roblox Co. (NYSE:RBLX) by 21.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,860 shares of the company’s stock after selling 1,867 shares during the period. Sigma Planning Corp’s holdings in Roblox were worth $314,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its stake in shares of Roblox by 182.2% in the 4th quarter. Handelsbanken Fonder AB now owns 180,057 shares of the company’s stock valued at $8,232,000 after acquiring an additional 116,256 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Roblox in the 4th quarter valued at $236,000. Signaturefd LLC raised its stake in shares of Roblox by 15.8% in the 4th quarter. Signaturefd LLC now owns 4,770 shares of the company’s stock valued at $218,000 after acquiring an additional 651 shares during the period. Lindbrook Capital LLC raised its stake in shares of Roblox by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company’s stock valued at $75,000 after acquiring an additional 700 shares during the period. Finally, abrdn plc raised its stake in shares of Roblox by 105.7% in the 4th quarter. abrdn plc now owns 157,420 shares of the company’s stock valued at $7,197,000 after acquiring an additional 80,896 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now directly owns 96,125 shares in the company, valued at approximately $3,906,520. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the sale, the chief executive officer now directly owns 1 shares in the company, valued at approximately $44.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The disclosure for this sale can be found here. Insiders have sold a total of 712,374 shares of company stock worth $29,639,338 in the last ninety days. 22.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on RBLX shares. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 target price on shares of Roblox in a research note on Monday, April 22nd. Needham & Company LLC raised their price target on shares of Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. BMO Capital Markets raised their price target on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Roth Mkm raised their price target on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and raised their price target for the company from $41.00 to $48.00 in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with 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 has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Roblox Trading Up 1.4 %

NYSE RBLX opened at $36.01 on Friday. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a 50-day simple moving average of $38.53 and a 200-day simple moving average of $39.06. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $21.28 billion, a PE ratio of -19.26 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted ($0.48) EPS. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, equities analysts forecast that Roblox Co. will post -2.09 earnings per share for the current year.

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.