Maryland State Retirement & Pension System Sells 898 Shares of Roblox Co. (NYSE:RBLX)

Maryland State Retirement & Pension System lessened its stake in Roblox Co. (NYSE:RBLX) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,281 shares of the company’s stock after selling 898 shares during the period. Maryland State Retirement & Pension System’s holdings in Roblox were worth $1,636,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RBLX. Rakuten Securities Inc. lifted its position in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after buying an additional 217 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares during the period. Versant Capital Management Inc grew its holdings in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after acquiring an additional 245 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Performance

RBLX stock opened at $61.21 on Friday. The stock has a market capitalization of $37.89 billion, a PE ratio of -42.21 and a beta of 1.49. The stock’s 50 day simple moving average is $63.54 and its 200 day simple moving average is $54.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In related news, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. The trade was a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 34,099 shares of Roblox stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $12,664,130.15. The trade was a 13.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 950,466 shares of company stock worth $61,646,297 over the last quarter. 22.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RBLX. Citigroup raised their target price on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. HSBC assumed coverage on Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a report on Friday, February 7th. Barclays reduced their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, Macquarie raised their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Roblox Company Profile

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.