Bleakley Financial Group LLC Sells 4,139 Shares of Roblox Co. (NYSE:RBLX)

Bleakley Financial Group LLC reduced its stake in Roblox Co. (NYSE:RBLX) by 27.0% in the 4th quarter, HoldingsChannel reports. The firm owned 11,164 shares of the company’s stock after selling 4,139 shares during the quarter. Bleakley Financial Group LLC’s holdings in Roblox were worth $646,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RBLX. Versant Capital Management Inc increased its position in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Roblox in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Down 1.1 %

RBLX stock opened at $66.41 on Monday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The stock has a fifty day moving average of $62.47 and a 200-day moving average of $50.76. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of -45.80 and a beta of 1.46. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. As a group, equities research analysts predict that Roblox Co. will post -1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RBLX. Morgan Stanley upped their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wedbush restated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a report on Friday. Needham & Company LLC lifted their price target on Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday. Macquarie increased their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Canaccord Genuity Group lifted their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 25,000 shares of Roblox stock in a transaction on Friday, November 15th. The stock was sold at an average price of $52.34, for a total value of $1,308,500.00. Following the completion of the transaction, the director now directly owns 5,731,695 shares in the company, valued at approximately $299,996,916.30. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Baszucki sold 138,555 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the sale, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. This trade represents a 51.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,306,335 shares of company stock valued at $77,348,316 in the last 90 days. 22.15% of the stock is currently owned by company insiders.

Roblox 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.