Teza Capital Management LLC Sells 6,590 Shares of Roblox Co. (NYSE:RBLX)

Teza Capital Management LLC decreased its position in shares of Roblox Co. (NYSE:RBLX) by 47.0% in the 4th quarter, HoldingsChannel reports. The firm owned 7,437 shares of the company’s stock after selling 6,590 shares during the quarter. Teza Capital Management LLC’s holdings in Roblox were worth $430,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC bought a new stake in Roblox during the 4th quarter worth $41,000. Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Roblox by 188.4% in 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 in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Roblox by 2,955.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after acquiring an additional 1,182 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RBLX. Canaccord Genuity Group increased their price target on Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Wedbush reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research note on Thursday, April 24th. Needham & Company LLC reiterated a “buy” rating on shares of Roblox in a research report on Friday, May 2nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus price target of $68.68.

Insider Activity

In related news, insider Manuel Bronstein sold 68,722 shares of Roblox stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $80.00, for a total value of $5,497,760.00. Following the transaction, the insider now owns 582,454 shares in the company, valued at $46,596,320. This trade represents a 10.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 4,468 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. The trade was a 5.58% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,432,954 shares of company stock valued at $167,209,673. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of RBLX stock opened at $81.16 on Tuesday. Roblox Co. has a twelve month low of $31.59 and a twelve month high of $82.02. The company has a market capitalization of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a fifty day simple moving average of $63.22 and a 200-day simple moving average of $61.07.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned ($0.43) EPS. The business’s quarterly revenue was up 30.6% on a year-over-year basis. Equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.