Freestone Capital Holdings LLC Sells 15,950 Shares of Roblox Co. (NYSE:RBLX)

Freestone Capital Holdings LLC lessened its position in shares of Roblox Co. (NYSE:RBLX) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,433 shares of the company’s stock after selling 15,950 shares during the period. Freestone Capital Holdings LLC’s holdings in Roblox were worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Roblox during the 4th quarter worth approximately $24,217,000. Arizona State Retirement System lifted its stake in Roblox by 2.6% in the 4th quarter. Arizona State Retirement System now owns 139,068 shares of the company’s stock valued at $8,046,000 after purchasing an additional 3,542 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Roblox in the 4th quarter valued at approximately $6,455,000. M&T Bank Corp lifted its stake in Roblox by 2.2% in the 4th quarter. M&T Bank Corp now owns 20,539 shares of the company’s stock valued at $1,188,000 after purchasing an additional 434 shares during the last quarter. Finally, NewSquare Capital LLC lifted its stake in Roblox by 5.6% in the 4th quarter. NewSquare Capital LLC now owns 112,056 shares of the company’s stock valued at $6,484,000 after purchasing an additional 5,981 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now directly owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 138,555 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Piper Sandler restated an “overweight” rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. CICC Research initiated coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. Finally, Macquarie upped their price target on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Roblox Trading Down 7.7 %

NYSE:RBLX opened at $58.45 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $36.18 billion, a price-to-earnings ratio of -40.31 and a beta of 1.49. The firm has a fifty day simple moving average of $64.28 and a two-hundred day simple moving average of $53.79. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Analysts expect that Roblox Co. will post -1.49 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.