Roblox Corporation $RBLX Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Roblox Corporation (NYSE:RBLX) by 69.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,045 shares of the company’s stock after selling 433,637 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Roblox were worth $15,546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd purchased a new position in Roblox during the third quarter worth approximately $26,000. Total Investment Management Inc. acquired a new stake in Roblox during the second quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Roblox in the 3rd quarter worth about $37,000. Root Financial Partners LLC acquired a new position in shares of Roblox in the 3rd quarter valued at about $38,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 272,269 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the transaction, the chief executive officer owned 811,373 shares of the company’s stock, valued at approximately $58,954,362.18. This trade represents a 25.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 60,000 shares of Roblox stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the transaction, the insider owned 394,322 shares of the company’s stock, valued at $25,212,948.68. This trade represents a 13.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 593,914 shares of company stock worth $42,261,697 over the last 90 days. Company insiders own 12.92% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of a number of recent research reports. Wells Fargo & Company set a $97.00 price target on shares of Roblox in a research report on Monday, February 9th. Needham & Company LLC dropped their price objective on shares of Roblox from $159.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Canaccord Genuity Group cut their target price on shares of Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Citigroup reduced their target price on shares of Roblox from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Wolfe Research set a $100.00 price target on shares of Roblox in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.52.

Roblox Stock Up 0.0%

Shares of NYSE RBLX opened at $60.14 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59. The stock’s 50-day simple moving average is $63.12 and its 200-day simple moving average is $89.73. The firm has a market cap of $39.79 billion, a price-to-earnings ratio of -38.80 and a beta of 1.67.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.Roblox’s quarterly revenue was up 122.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.33) EPS. As a group, equities analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.