Roblox Co. (NYSE:RBLX) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in shares of Roblox Co. (NYSE:RBLX) by 58.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 678 shares of the company’s stock after selling 972 shares during the period. Farther Finance Advisors LLC’s holdings in Roblox were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RBLX. Versant Capital Management Inc boosted 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 in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 633 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Roblox by 33,875.0% during the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RBLX. Morgan Stanley raised their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Macquarie raised their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company raised their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Price Performance

Shares of RBLX opened at $61.21 on Monday. The firm has a market cap of $37.89 billion, a PE ratio of -42.21 and a beta of 1.49. The firm’s 50 day moving average price is $63.54 and its 200 day moving average price is $54.98. 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 Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In other news, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction that occurred 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 approximately $9,260,537.62. This represents a 51.73 % decrease in their position. 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 corporate insiders.

Roblox Company 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.