Roblox Co. (NYSE:RBLX) Position Decreased by Donor Advised Charitable Giving Inc.

Donor Advised Charitable Giving Inc. cut its stake in shares of Roblox Co. (NYSE:RBLX) by 35.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,703 shares of the company’s stock after selling 36,773 shares during the period. Roblox comprises about 0.1% of Donor Advised Charitable Giving Inc.’s investment portfolio, making the stock its 5th biggest position. Donor Advised Charitable Giving Inc.’s holdings in Roblox were worth $3,802,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of RBLX. Versant Capital Management Inc raised its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. Impact Partnership Wealth LLC increased its stake in Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after buying an additional 245 shares in the last quarter. GAMMA Investing LLC raised its holdings in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after acquiring an additional 271 shares during the period. Metis Global Partners LLC lifted its position in shares of Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Roblox by 5.0% in the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after acquiring an additional 321 shares during the period. Institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling

In other news, CEO David Baszucki sold 166,668 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the transaction, the chief executive officer now owns 135,755 shares of the company’s stock, valued at approximately $5,722,073.25. The trade was a 55.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,504,601 shares of company stock valued at $81,882,735. 22.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RBLX has been the subject of several research reports. 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. CICC Research started coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. The Goldman Sachs Group increased their price target on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Macquarie raised their price target on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.48.

Roblox Stock Up 0.5 %

Roblox stock opened at $65.57 on Monday. The business’s 50-day moving average price is $57.12 and its 200 day moving average price is $47.63. 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 52 week low of $29.55 and a 52 week high of $66.51.

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

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.