Montag A & Associates Inc. Decreases Stock Position in Roblox Co. (NYSE:RBLX)

Montag A & Associates Inc. lowered its stake in shares of Roblox Co. (NYSE:RBLX) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,082 shares of the company’s stock after selling 192 shares during the period. Montag A & Associates Inc.’s holdings in Roblox were worth $120,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RBLX. Toronto Dominion Bank increased its holdings in Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC lifted its holdings in Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after buying an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in Roblox in the 4th quarter valued at approximately $363,000. Entropy Technologies LP grew its stake in shares of Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after acquiring an additional 62,521 shares in the last quarter. Finally, Silicon Valley Capital Partners increased its position in shares of Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after acquiring an additional 66,882 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,054 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $311,357.22. Following the completion of the transaction, the chief accounting officer now directly owns 85,008 shares in the company, valued at $4,371,961.44. This represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Guthrie sold 21,657 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $1,113,819.51. Following the sale, the chief financial officer now directly owns 331,187 shares in the company, valued at $17,032,947.41. This represents a 6.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,120,348 shares of company stock worth $68,517,456 in the last 90 days. 22.15% of the stock is owned by company insiders.

Roblox Trading Up 1.7 %

NYSE:RBLX opened at $66.62 on Tuesday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $40.48 billion, a price-to-earnings ratio of -45.95 and a beta of 1.46. The stock has a fifty day simple moving average of $63.64 and a 200 day simple moving average of $51.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. Sell-side analysts forecast that Roblox Co. will post -1.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays lowered their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Raymond James reaffirmed a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. BTIG Research boosted their price target on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, HSBC initiated coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

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.