Burney Co. Sells 2,730 Shares of Roblox Co. (NYSE:RBLX)

Burney Co. reduced its position in shares of Roblox Co. (NYSE:RBLX) by 10.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,700 shares of the company’s stock after selling 2,730 shares during the quarter. Burney Co.’s holdings in Roblox were worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Apella Capital LLC acquired a new position in shares of Roblox in the 4th quarter valued at $224,000. Pallas Capital Advisors LLC lifted its stake in Roblox by 101.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 20,911 shares of the company’s stock valued at $1,210,000 after buying an additional 10,535 shares during the period. Friedenthal Financial bought a new position in Roblox during the fourth quarter worth about $763,000. Claro Advisors LLC acquired a new position in shares of Roblox during the 4th quarter worth about $205,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Roblox by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,249 shares of the company’s stock valued at $2,040,000 after acquiring an additional 398 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Activity at Roblox

In other Roblox news, CEO David Baszucki sold 166,668 shares of Roblox stock in a transaction on Friday, October 25th. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the completion of the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at $5,722,073.25. The trade was a 55.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Guthrie sold 10,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $49.44, for a total transaction of $494,400.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares in the company, valued at $17,444,607.36. The trade was a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,254,601 shares of company stock worth $65,622,735. Insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RBLX shares. Benchmark boosted their price objective on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price target on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday. BTIG Research raised their price objective on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler boosted their target price on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $57.48.

Roblox Stock Up 2.7 %

NYSE:RBLX opened at $65.45 on Friday. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of -39.91 and a beta of 1.43. 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 twelve month low of $29.55 and a twelve month high of $66.51. The stock’s 50 day moving average price is $56.61 and its two-hundred day moving average price is $47.23.

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