Entropy Technologies LP Sells 53,926 Shares of Roblox Co. (NYSE:RBLX)

Entropy Technologies LP lessened its stake in shares of Roblox Co. (NYSE:RBLX) by 54.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,723 shares of the company’s stock after selling 53,926 shares during the period. Entropy Technologies LP’s holdings in Roblox were worth $2,646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Toronto Dominion Bank grew its stake in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after purchasing an additional 15,333 shares during the period. Smith Group Asset Management LLC increased its holdings in Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in Roblox in the fourth quarter valued at about $363,000. Benjamin Edwards Inc. increased its holdings in Roblox by 12,971.4% in the third quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock valued at $2,302,000 after purchasing an additional 51,626 shares during the last quarter. Finally, State Street Corp increased its holdings in Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after purchasing an additional 240,565 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Wedbush reissued an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research note on Friday. Macquarie boosted their target price on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday. Roth Mkm boosted their target price on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Benchmark boosted their target price on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 3,601 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $49.32, for a total transaction of $177,601.32. Following the sale, the chief accounting officer now owns 81,407 shares of the company’s stock, valued at $4,014,993.24. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 333,334 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54. Following the sale, the chief executive officer now directly owns 129,295 shares in the company, valued at $7,409,896.45. This represents a 72.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,306,335 shares of company stock worth $77,348,316. Company insiders own 22.15% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $66.41 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50 day moving average price is $62.47 and its two-hundred day moving average price is $50.68. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, equities research analysts predict that Roblox Co. will post -1.4 EPS for the current year.

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.