New York State Common Retirement Fund Sells 153,512 Shares of Roblox Co. (NYSE:RBLX)

New York State Common Retirement Fund decreased its position in Roblox Co. (NYSE:RBLXFree Report) by 28.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 386,996 shares of the company’s stock after selling 153,512 shares during the quarter. New York State Common Retirement Fund’s holdings in Roblox were worth $11,207,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. 1832 Asset Management L.P. purchased a new position in shares of Roblox during the first quarter valued at about $32,000. Resurgent Financial Advisors LLC purchased a new position in shares of Roblox during the fourth quarter valued at about $25,000. High Net Worth Advisory Group LLC increased its position in shares of Roblox by 900.0% during the first quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock valued at $46,000 after buying an additional 900 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Roblox during the fourth quarter valued at about $43,000. Finally, Spotlight Asset Group Inc. purchased a new position in shares of Roblox during the second quarter valued at about $67,000. Hedge funds and other institutional investors own 69.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Roblox from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Wolfe Research raised shares of Roblox from an “underperform” rating to a “peer perform” rating in a research note on Friday, November 17th. Piper Sandler boosted their price objective on shares of Roblox from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, November 16th. Roth Mkm reiterated a “buy” rating and issued a $48.00 target price on shares of Roblox in a research note on Friday, October 13th. Finally, Wells Fargo & Company began coverage on shares of Roblox in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $49.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.71.

Read Our Latest Research Report on Roblox

Roblox Stock Up 10.2 %

Shares of RBLX stock opened at $44.75 on Thursday. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 8.38. The company has a 50 day simple moving average of $42.00 and a two-hundred day simple moving average of $35.56.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.07. The firm had revenue of $839.45 million during the quarter, compared to analysts’ expectations of $824.71 million. Roblox had a negative net margin of 42.54% and a negative return on equity of 536.12%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.50) earnings per share. On average, analysts expect that Roblox Co. will post -1.93 EPS for the current fiscal year.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 2,523 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $37.90, for a total transaction of $95,621.70. Following the completion of the transaction, the chief accounting officer now owns 95,230 shares in the company, valued at $3,609,217. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Roblox news, CAO Amy Marie Rawlings sold 2,523 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $37.90, for a total transaction of $95,621.70. Following the completion of the transaction, the chief accounting officer now owns 95,230 shares in the company, valued at $3,609,217. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 14,705 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $36.70, for a total transaction of $539,673.50. Following the transaction, the chief financial officer now owns 258,232 shares of the company’s stock, valued at approximately $9,477,114.40. The disclosure for this sale can be found here. Insiders sold a total of 308,272 shares of company stock valued at $12,671,049 over the last three months. Corporate insiders own 27.67% of the company’s stock.

About Roblox

(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.

Further Reading

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Co. (NYSE:RBLXFree Report).

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.