Cetera Investment Advisers Sells 4,798 Shares of Roblox Co. (NYSE:RBLX)

Cetera Investment Advisers reduced its stake in Roblox Co. (NYSE:RBLX) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,887 shares of the company’s stock after selling 4,798 shares during the quarter. Cetera Investment Advisers’ holdings in Roblox were worth $1,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Smith Group Asset Management LLC boosted its position in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Roblox in the 4th quarter worth approximately $363,000. Silicon Valley Capital Partners lifted its position in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after acquiring an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after buying an additional 1,971 shares during the last quarter. Finally, Amundi raised its stake in Roblox by 111.4% during the 4th quarter. Amundi now owns 3,191,137 shares of the company’s stock valued at $198,010,000 after buying an additional 1,681,263 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Stock Down 0.1%

RBLX opened at $81.16 on Tuesday. The firm has a 50-day simple moving average of $63.22 and a two-hundred day simple moving average of $61.07. Roblox Co. has a 52 week low of $31.59 and a 52 week high of $82.02. The company has a market capitalization of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned ($0.43) EPS. The business’s revenue was up 30.6% on a year-over-year basis. Analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RBLX has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Wedbush reiterated an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Thursday, April 24th. Canaccord Genuity Group boosted their target price on shares of Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research note on Friday, February 7th. Finally, Roth Mkm upped their price objective on Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average target price of $68.68.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 6,448 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.33, for a total transaction of $395,455.84. Following the sale, the chief executive officer now directly owns 122,853 shares in the company, valued at approximately $7,534,574.49. This represents a 4.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 16,432 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the sale, the insider now owns 322,774 shares in the company, valued at $19,815,095.86. This represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,432,954 shares of company stock valued at $167,209,673 in the last 90 days. Insiders own 22.15% of the company’s stock.

Roblox Company Profile

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.