Montag A & Associates Inc. Reduces Holdings in Roblox Corporation $RBLX

Montag A & Associates Inc. lessened its position in shares of Roblox Corporation (NYSE:RBLX) by 47.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,053 shares of the company’s stock after selling 12,765 shares during the quarter. Montag A & Associates Inc.’s holdings in Roblox were worth $1,947,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RBLX. Pilgrim Partners Asia Pte Ltd acquired a new stake in Roblox during the third quarter worth $26,000. Total Investment Management Inc. acquired a new position in shares of Roblox in the 2nd quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Roblox during the 3rd quarter worth $37,000. Root Financial Partners LLC acquired a new stake in shares of Roblox during the 3rd quarter worth about $38,000. Finally, Salomon & Ludwin LLC purchased a new stake in Roblox in the 3rd quarter valued at about $41,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roblox

In other news, insider Arvind Chakravarthy sold 40,646 shares of Roblox stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew D. Kaufman sold 30,034 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value of $2,181,970.10. Following the transaction, the insider directly owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. This represents a 8.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 703,144 shares of company stock worth $51,681,640 over the last quarter. 12.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RBLX has been the subject of several research analyst reports. TD Cowen reaffirmed a “sell” rating on shares of Roblox in a research note on Tuesday, January 27th. Wall Street Zen lowered shares of Roblox from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Wells Fargo & Company set a $97.00 target price on shares of Roblox in a report on Monday, February 9th. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Roblox in a research report on Friday, February 6th. Finally, Piper Sandler restated an “overweight” rating and set a $100.00 price target (down from $125.00) on shares of Roblox in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.35.

Roblox Stock Performance

Shares of RBLX stock opened at $67.41 on Thursday. The firm has a 50 day moving average of $72.78 and a two-hundred day moving average of $100.34. The stock has a market capitalization of $44.60 billion, a PE ratio of -43.49 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s revenue was up 122.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) earnings per share. On average, research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.