Raymond James & Associates Sells 38,083 Shares of Roblox Co. (NYSE:RBLX)

Raymond James & Associates reduced its stake in Roblox Co. (NYSE:RBLX – Get Rating) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,904 shares of the company’s stock after selling 38,083 shares during the period. Raymond James & Associates’ holdings in Roblox were worth $4,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Roblox by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock worth $36,481,000 after acquiring an additional 39,203 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Roblox by 7.9% in the first quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock valued at $860,000 after acquiring an additional 1,361 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Roblox by 949.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock valued at $928,000 after purchasing an additional 18,150 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Roblox by 265.4% in the 1st quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock worth $14,390,000 after purchasing an additional 226,029 shares during the period. Finally, Cibc World Market Inc. boosted its holdings in shares of Roblox by 62.0% in the first quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock worth $4,277,000 after buying an additional 35,412 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 2,859 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $39.63, for a total value of $113,302.17. Following the completion of the transaction, the chief accounting officer now owns 88,028 shares of the company’s stock, valued at approximately $3,488,549.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Amy Marie Rawlings sold 2,859 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $39.63, for a total value of $113,302.17. Following the completion of the sale, the chief accounting officer now owns 88,028 shares of the company’s stock, valued at approximately $3,488,549.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Daniel Sturman sold 9,530 shares of Roblox stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $39.64, for a total value of $377,769.20. Following the completion of the sale, the chief technology officer now owns 525,732 shares in the company, valued at $20,840,016.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,371,627 shares of company stock valued at $53,719,623. Corporate insiders own 27.67% of the company’s stock.

Roblox Stock Up 2.1 %

Roblox stock opened at $40.51 on Thursday. The firm has a market cap of $24.51 billion, a price-to-earnings ratio of -23.55 and a beta of 1.76. Roblox Co. has a 52 week low of $23.88 and a 52 week high of $53.88. The business’s 50-day moving average price is $41.09 and its 200 day moving average price is $36.75. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RBLX shares. Needham & Company LLC reduced their price objective on Roblox from $53.00 to $48.00 in a research note on Thursday, May 11th. Roth Mkm raised Roblox from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $48.00 in a research note on Thursday, May 11th. Barclays lifted their price objective on Roblox from $28.00 to $32.00 in a research report on Thursday, May 11th. Truist Financial raised their target price on shares of Roblox from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, February 15th. Finally, DA Davidson upped their price target on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.22.

Roblox Company Profile

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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.