Gerber Kawasaki Wealth & Investment Management Trims Stock Holdings in Roblox Co. (NYSE:RBLX)

Gerber Kawasaki Wealth & Investment Management lowered its stake in shares of Roblox Co. (NYSE:RBLX) by 45.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,716 shares of the company’s stock after selling 3,150 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Roblox were worth $215,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. raised its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after buying an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 633 shares during the period. Finally, GAMMA Investing LLC grew its position in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after buying an additional 271 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Trading Up 1.5 %

RBLX opened at $66.65 on Monday. The business has a 50 day simple moving average of $59.06 and a two-hundred day simple moving average of $57.65. The firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of -45.97 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group lifted their target price on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Needham & Company LLC lifted their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, FBN Securities started coverage on shares of Roblox in a research report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.50.

Insiders Place Their Bets

In related news, CFO Michael Guthrie sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.14, for a total value of $3,057,000.00. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at $24,178,730.10. This represents a 11.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the sale, the chief executive officer now owns 129,301 shares in the company, valued at $9,260,537.62. The trade was a 51.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 902,954 shares of company stock worth $55,354,971. Company insiders own 22.15% of the company’s stock.

Roblox Company Profile

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.