Roblox Co. (NYSE:RBLX) Shares Sold by Jag Capital Management LLC

Jag Capital Management LLC cut its holdings in Roblox Co. (NYSE:RBLXGet Rating) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,453 shares of the company’s stock after selling 1,512 shares during the period. Jag Capital Management LLC’s holdings in Roblox were worth $872,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Roblox in the 4th quarter valued at about $34,000. Nuveen Asset Management LLC acquired a new stake in Roblox during the 4th quarter worth $141,220,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Roblox by 4.6% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,424 shares of the company’s stock worth $353,000 after acquiring an additional 150 shares in the last quarter. Blair William & Co. IL lifted its position in Roblox by 37.8% in the fourth quarter. Blair William & Co. IL now owns 9,249 shares of the company’s stock valued at $954,000 after acquiring an additional 2,537 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Roblox in the fourth quarter valued at $751,000. Institutional investors own 68.00% of the company’s stock.

A number of research analysts recently issued reports on the company. Truist Financial dropped their price target on Roblox from $70.00 to $36.00 in a research note on Tuesday, May 10th. Needham & Company LLC lowered their price objective on shares of Roblox from $60.00 to $40.00 in a research report on Thursday, May 12th. Bank of America initiated coverage on shares of Roblox in a report on Monday, February 14th. They issued a “buy” rating and a $84.00 target price for the company. Citigroup began coverage on Roblox in a report on Thursday, April 7th. They set a “buy” rating and a $59.00 price target on the stock. Finally, Daiwa Capital Markets reduced their price objective on Roblox from $56.00 to $38.00 in a research note on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of “Hold” and an average target price of $53.06.

Shares of NYSE:RBLX traded up $0.35 during trading on Friday, hitting $30.94. 276,915 shares of the stock were exchanged, compared to its average volume of 27,394,100. The company has a market cap of $16.77 billion, a PE ratio of -33.99 and a beta of 2.29. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average price of $38.08 and a two-hundred day moving average price of $67.18. Roblox Co. has a 12-month low of $21.65 and a 12-month high of $141.60.

Roblox (NYSE:RBLXGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The firm had revenue of $631.21 million for the quarter, compared to analysts’ expectations of $649.48 million. Roblox had a negative return on equity of 89.70% and a negative net margin of 25.01%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.46) earnings per share. Equities research analysts anticipate that Roblox Co. will post -1.08 earnings per share for the current fiscal year.

In other Roblox news, insider Craig Donato sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Guthrie sold 7,882 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $30.34, for a total transaction of $239,139.88. Following the completion of the transaction, the chief financial officer now directly owns 208,343 shares of the company’s stock, valued at approximately $6,321,126.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,577 shares of company stock worth $1,481,106. 28.22% of the stock is owned by corporate insiders.

Roblox Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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