Krilogy Financial LLC Sells 17,736 Shares of Roblox Co. (NYSE:RBLX)

Krilogy Financial LLC cut its holdings in shares of Roblox Co. (NYSE:RBLX) by 30.7% during the fourth quarter, Holdings Channel reports. The fund owned 40,041 shares of the company’s stock after selling 17,736 shares during the period. Krilogy Financial LLC’s holdings in Roblox were worth $2,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonekeep Investments LLC raised its stake in shares of Roblox by 9.6% in the fourth quarter. Stonekeep Investments LLC now owns 8,319 shares of the company’s stock worth $481,000 after acquiring an additional 727 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Roblox during the fourth quarter valued at approximately $736,000. Avanza Fonder AB bought a new position in Roblox in the 4th quarter worth approximately $5,631,000. Yarbrough Capital LLC acquired a new position in Roblox during the 4th quarter worth $205,000. Finally, Apella Capital LLC bought a new position in Roblox in the 4th quarter valued at $224,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Up 0.5 %

Shares of RBLX opened at $65.57 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $66.51. The company has a 50 day moving average of $57.12 and a 200-day moving average of $47.56.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company earned ($0.45) EPS. Roblox’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Roblox Co. will post -1.56 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on RBLX. Benchmark upped their price target on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Barclays lifted their price target on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Citigroup lifted their target price on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.48.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the sale, the chief accounting officer now owns 91,062 shares of the company’s stock, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the transaction, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,504,601 shares of company stock valued at $81,882,735 in the last 90 days. 22.15% of the stock is currently owned by insiders.

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.