Stonegate Investment Group LLC Sells 10,000 Shares of Roblox Co. (NYSE:RBLX)

Stonegate Investment Group LLC cut its stake in Roblox Co. (NYSE:RBLX) by 37.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,610 shares of the company’s stock after selling 10,000 shares during the quarter. Stonegate Investment Group LLC’s holdings in Roblox were worth $735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in shares of Roblox in the third quarter valued at about $27,000. Bleakley Financial Group LLC grew its stake in shares of Roblox by 169.2% in the third quarter. Bleakley Financial Group LLC now owns 15,303 shares of the company’s stock valued at $677,000 after acquiring an additional 9,619 shares in the last quarter. nVerses Capital LLC grew its stake in shares of Roblox by 1,235.3% in the third quarter. nVerses Capital LLC now owns 22,700 shares of the company’s stock valued at $1,005,000 after acquiring an additional 21,000 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Roblox by 80.0% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,964 shares of the company’s stock valued at $928,000 after acquiring an additional 9,318 shares in the last quarter. Finally, Roberts Wealth Advisors LLC grew its stake in shares of Roblox by 2.4% in the third quarter. Roberts Wealth Advisors LLC now owns 46,633 shares of the company’s stock valued at $1,889,000 after acquiring an additional 1,076 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Up 0.2 %

Shares of NYSE RBLX opened at $39.93 on Friday. The company has a 50 day simple moving average of $43.08 and a 200 day simple moving average of $38.93. The firm has a market cap of $23.61 billion, a PE ratio of -21.47 and a beta of 1.60. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $48.43. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. The business had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.46) EPS. On average, research analysts forecast that Roblox Co. will post -1.59 EPS for the current year.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at $4,019,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the transaction, the chief financial officer now owns 352,844 shares of the company’s stock, valued at approximately $14,643,026. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 625,673 shares of company stock worth $27,331,806 in the last quarter. 22.15% of the stock is owned by insiders.

Analyst Ratings Changes

RBLX has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 price target on the stock. Macquarie upped their price target on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Benchmark increased their price objective on shares of Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Citigroup increased their price objective on shares of Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company increased their price objective on shares of Roblox from $46.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $46.14.

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.