Krilogy Financial LLC Trims Holdings in Roblox Co. (NYSE:RBLX)

Krilogy Financial LLC trimmed its position in Roblox Co. (NYSE:RBLX) by 30.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,041 shares of the company’s stock after selling 17,736 shares during the period. Krilogy Financial LLC’s holdings in Roblox were worth $2,317,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its stake in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after acquiring an additional 245 shares during the period. GAMMA Investing LLC boosted its stake in 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. Metis Global Partners LLC boosted its stake in Roblox by 5.0% during the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after buying an additional 288 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Roblox by 5.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Performance

NYSE RBLX opened at $65.57 on Friday. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $66.51. The firm has a 50-day simple moving average of $57.12 and a 200 day simple moving average of $47.56. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.45) EPS. As a group, research analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the sale, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 166,668 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the completion of the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at approximately $5,722,073.25. The trade was a 55.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,504,601 shares of company stock valued at $81,882,735 in the last 90 days. 22.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RBLX shares. Canaccord Genuity Group lifted their target price on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler lifted their target price on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their price target on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Benchmark lifted their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BTIG Research raised their price target on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.48.

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.