Allworth Financial LP Has $61,000 Holdings in Roblox Co. (NYSE:RBLX)

Allworth Financial LP cut its position in Roblox Co. (NYSE:RBLX) by 59.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,380 shares of the company’s stock after selling 2,031 shares during the quarter. Allworth Financial LP’s holdings in Roblox were worth $61,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBLX. Allspring Global Investments Holdings LLC grew its stake in Roblox by 98.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after buying an additional 548 shares during the last quarter. Norden Group LLC acquired a new position in Roblox in the 1st quarter valued at $230,000. Maryland State Retirement & Pension System grew its position in Roblox by 4.2% in the 1st quarter. Maryland State Retirement & Pension System now owns 36,877 shares of the company’s stock worth $1,343,000 after purchasing an additional 1,492 shares during the last quarter. Private Advisor Group LLC grew its position in Roblox by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 60,111 shares of the company’s stock worth $2,295,000 after purchasing an additional 2,506 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Roblox by 4.8% in the 1st quarter. Nordea Investment Management AB now owns 28,492 shares of the company’s stock worth $1,104,000 after purchasing an additional 1,298 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the transaction, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the completion of the sale, the director now owns 4,707,579 shares in the company, valued at $236,932,451.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the sale, the chief financial officer now owns 374,633 shares of the company’s stock, valued at approximately $14,543,253.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 979,341 shares of company stock valued at $43,897,012. Insiders own 22.15% of the company’s stock.

Roblox Trading Down 0.5 %

Shares of RBLX stock opened at $51.44 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $52.65. The company has a market capitalization of $30.79 billion, a P/E ratio of -29.91 and a beta of 1.60. The firm has a 50-day moving average price of $43.67 and a 200 day moving average price of $39.34. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted ($0.45) earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Research analysts forecast that Roblox Co. will post -1.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research analyst reports. BTIG Research raised their price target on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group initiated coverage on shares of Roblox in a research report on Thursday, July 11th. They issued a “hold” rating and a $42.00 price target on the stock. Macquarie raised their price target on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup raised their price target on shares of Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company raised their price target on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $52.55.

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.