SG Americas Securities LLC Reduces Stock Position in Roblox Co. (NYSE:RBLX)

SG Americas Securities LLC lowered its stake in shares of Roblox Co. (NYSE:RBLX) by 58.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,523 shares of the company’s stock after selling 58,049 shares during the period. SG Americas Securities LLC’s holdings in Roblox were worth $1,898,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC purchased a new stake in shares of Roblox in the fourth quarter worth $25,000. 1832 Asset Management L.P. purchased a new stake in shares of Roblox in the first quarter worth $32,000. Penserra Capital Management LLC purchased a new stake in shares of Roblox in the fourth quarter worth $43,000. High Net Worth Advisory Group LLC raised its position in shares of Roblox by 900.0% in the first quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock worth $46,000 after buying an additional 900 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its position in shares of Roblox by 23.4% in the third quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock worth $62,000 after buying an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Stock Up 1.6 %

NYSE 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. The stock has a market capitalization of $22.03 billion, a PE ratio of -20.26 and a beta of 1.66. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.65. The business’s 50-day moving average is $40.46 and its 200 day moving average is $37.68.

Roblox (NYSE:RBLX) last posted its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) 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%. Roblox’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm earned ($0.48) earnings per share. Sell-side analysts forecast that Roblox Co. will post -2.1 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO David Baszucki sold 41,666 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $36.55, for a total value of $1,522,892.30. Following the sale, the chief executive officer now directly owns 333,334 shares of the company’s stock, valued at $12,183,357.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the sale, the chief accounting officer now directly owns 96,125 shares in the company, valued at $3,906,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 41,666 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $36.55, for a total transaction of $1,522,892.30. Following the completion of the sale, the chief executive officer now owns 333,334 shares of the company’s stock, valued at $12,183,357.70. The disclosure for this sale can be found here. Insiders have sold 564,707 shares of company stock valued at $24,131,807 over the last ninety days. 27.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Wedbush raised their price target on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Benchmark restated a “buy” rating and set a $46.00 price target on shares of Roblox in a research report on Tuesday, January 23rd. The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and raised their price target for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. Finally, Wells Fargo & Company began coverage on Roblox in a research report on Wednesday, December 13th. They set an “overweight” rating and a $49.00 price target on the stock. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price 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.