Roblox Co. (NYSE:RBLX) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in Roblox Co. (NYSE:RBLX) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,015 shares of the company’s stock after selling 515 shares during the quarter. Amalgamated Bank’s holdings in Roblox were worth $1,506,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBLX. Vanguard Group Inc. lifted its holdings in Roblox by 10.4% in the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after acquiring an additional 4,818,022 shares during the period. Ieq Capital LLC lifted its holdings in Roblox by 27.6% in the first quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after acquiring an additional 2,684,713 shares during the period. Dragoneer Investment Group LLC lifted its holdings in Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the period. Greenvale Capital LLP acquired a new stake in Roblox in the second quarter valued at $89,304,000. Finally, Marshall Wace LLP acquired a new stake in Roblox in the second quarter valued at $87,543,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the sale, the insider now directly owns 342,656 shares in the company, valued at approximately $13,706,240. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the completion of the sale, the director now owns 4,707,579 shares of the company’s stock, valued at $236,932,451.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 999,373 shares of company stock worth $45,311,579 in the last three months. 22.15% of the stock is owned by insiders.

Roblox Stock Performance

Roblox stock opened at $54.38 on Wednesday. The stock’s 50 day moving average price is $44.68 and its 200 day moving average price is $40.09. The firm has a market capitalization of $33.04 billion, a PE ratio of -33.16 and a beta of 1.56. 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 one year low of $29.55 and a one year high of $55.10.

Roblox (NYSE:RBLX) last released its quarterly 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted ($0.45) EPS. Roblox’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts expect that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on RBLX shares. Wolfe Research began coverage on Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Needham & Company LLC raised their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark raised their price target on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Citigroup raised their price target on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average price target of $55.30.

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.