Chemistry Wealth Management LLC Sells 1,299 Shares of Roblox Co. (NYSE:RBLX)

Chemistry Wealth Management LLC lessened its holdings in shares of Roblox Co. (NYSE:RBLX) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,294 shares of the company’s stock after selling 1,299 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Roblox were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. V Square Quantitative Management LLC purchased a new position in Roblox during the third quarter valued at $27,000. Frazier Financial Advisors LLC lifted its position in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. Versant Capital Management Inc lifted its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the period. GAMMA Investing LLC lifted its position in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after buying an additional 530 shares during the period. Finally, Huntington National Bank lifted its position in Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after buying an additional 770 shares during the period. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RBLX shares. Deutsche Bank Aktiengesellschaft raised their price target on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. BTIG Research raised their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley raised their price target on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. CICC Research started coverage on Roblox in a report on Tuesday. They set an “outperform” rating for the company. Finally, Barclays raised their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average target price of $57.48.

Roblox Trading Up 0.5 %

NYSE:RBLX opened at $65.57 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $66.51. The stock’s 50 day simple moving average is $56.85 and its two-hundred day simple moving average is $47.36.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted ($0.45) EPS. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 333,334 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the transaction, the chief executive officer now owns 129,295 shares of the company’s stock, valued at approximately $7,409,896.45. The trade was a 72.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the transaction, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,504,601 shares of company stock valued at $81,882,735 in the last quarter. 22.15% of the stock is currently owned by insiders.

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.