Roblox Co. (NYSE:RBLX) Shares Sold by Sigma Planning Corp

Posted by on Aug 14th, 2023

Sigma Planning Corp lowered its stake in shares of Roblox Co. (NYSE:RBLX – Free Report) by 10.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,433 shares of the company’s stock after selling 955 shares during the period. Sigma Planning Corp’s holdings in Roblox were worth $379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp increased its holdings in Roblox by 2,473.0% in the second quarter. State Street Corp now owns 6,586,856 shares of the company’s stock valued at $216,444,000 after buying an additional 6,330,861 shares in the last quarter. Vanguard Group Inc. boosted its position in Roblox by 39.4% during the first quarter. Vanguard Group Inc. now owns 16,084,809 shares of the company’s stock worth $743,762,000 after purchasing an additional 4,546,253 shares in the last quarter. Norges Bank purchased a new stake in shares of Roblox in the fourth quarter valued at approximately $81,174,000. Capital World Investors purchased a new stake in shares of Roblox in the first quarter valued at approximately $100,377,000. Finally, Ieq Capital LLC raised its stake in shares of Roblox by 147.0% during the 1st quarter. Ieq Capital LLC now owns 2,856,622 shares of the company’s stock worth $128,491,000 after buying an additional 1,699,960 shares during the period. Institutional investors and hedge funds own 64.57% of the company’s stock.

Insider Activity

In related news, CFO Michael Guthrie sold 12,669 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $39.63, for a total transaction of $502,072.47. Following the completion of the transaction, the chief financial officer now owns 335,091 shares of the company’s stock, valued at approximately $13,279,656.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Roblox news, insider Mark Reinstra sold 11,278 shares of Roblox stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $39.63, for a total value of $446,947.14. Following the completion of the transaction, the insider now directly owns 332,308 shares of the company’s stock, valued at approximately $13,169,366.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 12,669 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $39.63, for a total transaction of $502,072.47. Following the sale, the chief financial officer now directly owns 335,091 shares in the company, valued at approximately $13,279,656.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,376,192 shares of company stock valued at $52,165,650. Company insiders own 27.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RBLX. Roth Mkm raised shares of Roblox from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $48.00 in a report on Thursday, May 11th. BTIG Research upped their price target on shares of Roblox from $55.00 to $60.00 in a research report on Wednesday, May 10th. DA Davidson decreased their price target on shares of Roblox from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday. Benchmark cut their price objective on Roblox from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group decreased their target price on Roblox from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.52.

Get Our Latest Stock Analysis on Roblox

Roblox Price Performance

Shares of Roblox stock opened at $29.83 on Monday. Roblox Co. has a fifty-two week low of $25.32 and a fifty-two week high of $52.15. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 6.12. The stock has a 50 day moving average of $39.81 and a 200 day moving average of $40.08.

Roblox (NYSE:RBLX – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.46) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.46). The business had revenue of $780.69 million during the quarter, compared to analysts’ expectations of $784.99 million. Roblox had a negative return on equity of 399.93% and a negative net margin of 46.81%. The company’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) EPS. As a group, sell-side analysts forecast that Roblox Co. will post -1.9 earnings per share for the current fiscal year.

Roblox Profile

(Free Report)

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

See Also

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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