Interchange Capital Partners LLC Sells 2,094 Shares of Roblox Co. (NYSE:RBLX)

Interchange Capital Partners LLC decreased its stake in Roblox Co. (NYSE:RBLX) by 18.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,319 shares of the company’s stock after selling 2,094 shares during the period. Interchange Capital Partners LLC’s holdings in Roblox were worth $539,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of 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 acquiring an additional 239 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. grew its holdings in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares during the period. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

NYSE RBLX opened at $61.21 on Monday. The firm’s fifty day moving average price is $63.54 and its two-hundred day moving average price is $54.98. The stock has a market cap of $37.89 billion, a PE ratio of -42.21 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. On average, equities analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 34,099 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. This represents a 13.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 926,466 shares of company stock valued at $60,212,297. 22.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RBLX shares. JPMorgan Chase & Co. lifted their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Citigroup raised their price objective on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Roth Mkm raised their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Morgan Stanley raised their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. One equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.19.

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.