Royal Fund Management LLC Sells 11,125 Shares of Roblox Co. (NYSE:RBLX)

Royal Fund Management LLC decreased its position in shares of Roblox Co. (NYSE:RBLX) by 58.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,925 shares of the company’s stock after selling 11,125 shares during the quarter. Royal Fund Management LLC’s holdings in Roblox were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RBLX. Ballentine Partners LLC raised its position in shares of Roblox by 172.3% during the fourth quarter. Ballentine Partners LLC now owns 77,315 shares of the company’s stock worth $4,473,000 after purchasing an additional 48,919 shares during the period. Kera Capital Partners Inc. bought a new stake in Roblox in the 4th quarter valued at $1,026,000. Stonekeep Investments LLC boosted its stake in Roblox by 9.6% in the 4th quarter. Stonekeep Investments LLC now owns 8,319 shares of the company’s stock worth $481,000 after purchasing an additional 727 shares during the period. Merit Financial Group LLC bought a new position in Roblox during the 4th quarter worth about $736,000. Finally, Avanza Fonder AB acquired a new stake in shares of Roblox in the 4th quarter valued at about $5,631,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Trading Up 0.8 %

Shares of RBLX opened at $66.07 on Wednesday. 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 Co. has a 52-week low of $29.55 and a 52-week high of $66.86. The firm has a market cap of $40.14 billion, a price-to-earnings ratio of -40.29 and a beta of 1.43. The business’s fifty day moving average is $57.34 and its 200-day moving average is $47.90.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping 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 firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.45) earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 166,668 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the sale, the chief executive officer now owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 55.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,560,480 shares of company stock valued at $85,513,870 in the last quarter. Insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on RBLX. Benchmark boosted their target price on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their price target on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. CICC Research began coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. Wedbush reiterated an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research note on Friday, October 25th. Finally, Canaccord Genuity Group boosted their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.48.

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.