Public Employees Retirement Association of Colorado Sells 436,925 Shares of Roblox Co. (NYSE:RBLX)

Public Employees Retirement Association of Colorado lessened its stake in shares of Roblox Co. (NYSE:RBLXFree Report) by 90.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 48,143 shares of the company’s stock after selling 436,925 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Roblox were worth $2,201,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Aviva PLC grew its holdings in Roblox by 202.5% during the third quarter. Aviva PLC now owns 195,411 shares of the company’s stock valued at $5,659,000 after purchasing an additional 130,818 shares during the period. Morgan Stanley grew its holdings in Roblox by 13.7% during the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after purchasing an additional 4,927,848 shares during the period. Vanguard Group Inc. grew its holdings in Roblox by 29.0% during the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock valued at $1,291,414,000 after purchasing an additional 10,025,779 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Roblox in the third quarter worth about $6,415,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Roblox by 3,188.8% in the fourth quarter. International Assets Investment Management LLC now owns 84,719 shares of the company’s stock worth $3,873,000 after acquiring an additional 82,143 shares during the period. Institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $36.50, for a total transaction of $146,000.00. Following the sale, the insider now owns 359,453 shares of the company’s stock, valued at approximately $13,120,034.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $36.50, for a total value of $146,000.00. Following the transaction, the insider now owns 359,453 shares of the company’s stock, valued at approximately $13,120,034.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 41,666 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $36.55, for a total transaction of $1,522,892.30. Following the sale, the chief executive officer now directly owns 333,334 shares of the company’s stock, valued at approximately $12,183,357.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 293,221 shares of company stock valued at $10,557,577. 22.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RBLX. Canaccord Genuity Group dropped their price objective on Roblox from $56.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 10th. BTIG Research dropped their price objective on Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, May 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price objective (down previously from $57.00) on shares of Roblox in a research note on Monday, May 13th. Barclays dropped their price objective on Roblox from $46.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Finally, The Goldman Sachs Group dropped their price target on Roblox from $48.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.76.

View Our Latest Research Report on RBLX

Roblox Price Performance

Shares of NYSE RBLX opened at $35.63 on Monday. The business’s 50 day moving average price is $35.45 and its 200-day moving average price is $39.15. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04.

Roblox (NYSE:RBLXGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. The company had revenue of $923.76 million for the quarter, compared to the consensus estimate of $918.85 million. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. Roblox’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business posted ($0.44) EPS. As a group, equities research analysts forecast that Roblox Co. will post -1.7 earnings per share for the current year.

Roblox Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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