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Janney Montgomery Scott LLC Sells 8,266 Shares of Roblox Co. (NYSE:RBLX)

Janney Montgomery Scott LLC reduced its stake in Roblox Co. (NYSE:RBLX – Get Rating) by 49.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,320 shares of the company after selling 8,266 shares during the period. Janney Montgomery Scott LLC’s holdings in Roblox were worth $298,000 at the end of the last reporting period.

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A number of other institutional investors also made changes to their positions in the stock. FinTrust Capital Advisors LLC increased its stake in Roblox by 412.0% in Q2. FinTrust Capital Advisors LLC now owns 640 shares of the company’s stock valued at $25,000 after purchasing an additional 515 shares last quarter. 1832 Asset Management LP acquired a new stake in Roblox valued at approximately $32,000 in Q1. Truvestments Capital LLC acquired a new stake in Roblox valued at approximately $35,000 in Q2. CoreCap Advisors LLC acquired a new stake in Roblox valued at approximately $36,000 in Q2. Finally, Kistler Tiffany Companies LLC increased its stake in Roblox by 9,280.0% in Q2. Kistler Tiffany Companies LLC now owns 1,407 shares of the company’s stock valued at $46,000 after purchasing an additional 1,392 shares last quarter. 72.36% of the shares are owned by institutional investors.

Roblox trades up 0.3%

RBLX shares opened at $35.70 on Thursday. The company has a market cap of $19.62 billion, a P/E of -27.05 and a beta of 1.54. Roblox Co. has a 12-month low of $21.65 and a 12-month high of $73.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.33. The company has a 50-day moving average of $31.03 and a 200-day moving average of $37.42.

Roblox (NYSE:RBLX – Get Rating) last posted its earnings results on Wednesday, November 9th. The company reported earnings per share of ($0.50) for the quarter, missing analyst consensus estimates of ($0.36) by ($0.14). The company had revenue of $701.72 million for the quarter, compared to the consensus estimate of $694.88 million. Roblox had a negative return on equity of 145.60% and a negative net margin of 35.12%. As a group, equity analysts expect Roblox Co. to post -1.65 YTD EPS.

Changes in analyst ratings

RBLX has been the subject of a number of research analyst reports. Truist Financial lowered its target price on Roblox to $37.00 in a report on Monday, November 28. DA Davidson lowered its price target for Roblox from $55.00 to $50.00 in a report on Thursday, November 10th. Piper Sandler lowered her price target on Roblox to $50.00 from $54.00 and gave a rating on the stock in a report on Wednesday, November 9. Cowen lowered his price target on Roblox to 27, in a report on Tuesday, November 15, $00. Finally, MKM Partners lowered its price target for Roblox from $40.00 to $35.00 in a report on Friday, November 11. Seven investment analysts have rated the stock with a sell rating, seven with a hold rating and nine with a buy rating. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $34.83.

Insider buying and selling

In related news, insider Craig Donato sold 2,000 shares of Roblox in one transaction on Tuesday, November 15. The stock sold at an average price of $37.31 for a total transaction of $74,620.00. Upon completion of the sale, the insider now directly owns 1,168,941 shares of the company’s stock valued at $43,613,188.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. In other news, CEO David Baszucki sold 550,000 shares of the company’s stock in a transaction on Wednesday, November 23. The stock sold at an average price of $31.85 for a total transaction of $17,517,500.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 1 share of the company, valued at $31.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this link. Also, insider Craig Donato sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 15. The stock sold at an average price of $37.31 for a total value of $74,620.00. Following the transaction, the insider now directly owns 1,168,941 shares of the company’s stock valued at $43,613,188.71. The disclosure for this sale can be found here. Insiders sold a total of 590,999 shares of the company’s shares valued at $18,791,858 over the past three months. Company insiders own 28.22% of the company’s shares.

About Roblox

(received rating)

Roblox Corporation develops and operates an online entertainment platform. The Company offers Roblox Studio, a free toolset that allows developers and creators to create, publish, and operate 3D experiences and other content; Roblox Client, an application that allows users to explore the 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human interaction platform.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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