Roblox Co. (NYSE:RBLX) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC decreased its stake in shares of Roblox Co. (NYSE:RBLX) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,906,173 shares of the company’s stock after selling 67,708 shares during the quarter. Roblox comprises approximately 3.2% of ARK Investment Management LLC’s investment portfolio, making the stock its 7th largest holding. ARK Investment Management LLC owned about 2.08% of Roblox worth $544,350,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. AlphaQ Advisors LLC lifted its holdings in shares of Roblox by 1.0% in the 1st quarter. AlphaQ Advisors LLC now owns 27,304 shares of the company’s stock worth $1,228,000 after purchasing an additional 279 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake in Roblox by 7.4% during the 1st quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock valued at $202,000 after acquiring an additional 300 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its stake in Roblox by 3.3% during the 1st quarter. Gladstone Institutional Advisory LLC now owns 9,408 shares of the company’s stock valued at $423,000 after acquiring an additional 301 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Roblox by 3.0% during the 1st quarter. EP Wealth Advisors LLC now owns 11,902 shares of the company’s stock valued at $550,000 after acquiring an additional 342 shares in the last quarter. Finally, Independent Advisor Alliance increased its holdings in Roblox by 3.1% in the 3rd quarter. Independent Advisor Alliance now owns 11,851 shares of the company’s stock worth $343,000 after acquiring an additional 352 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 3,777 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at $3,906,520. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Amy Marie Rawlings sold 3,777 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at $3,906,520. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David Baszucki sold 200,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00. Following the transaction, the chief executive officer now directly owns 1 shares in the company, valued at $44.09. The disclosure for this sale can be found here. Insiders have sold a total of 564,707 shares of company stock valued at $24,131,807 over the last ninety days. Company insiders own 27.67% of the company’s stock.

Roblox Price Performance

RBLX opened at $37.89 on Thursday. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.65. The stock’s 50 day moving average price is $40.46 and its 200-day moving average price is $37.68.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.48) earnings per share. Analysts forecast that Roblox Co. will post -2.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RBLX shares. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Roth Mkm lifted their target price on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.00 to $46.00 in a report on Thursday, February 8th. Benchmark reaffirmed a “buy” rating and set a $46.00 target price on shares of Roblox in a report on Tuesday, January 23rd. Finally, Needham & Company LLC boosted their price objective on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.25.

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.