Pacer Advisors Inc. trimmed its position in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 98.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,948 shares of the company’s stock after selling 99,879 shares during the period. Pacer Advisors Inc.’s holdings in Roblox were worth $110,000 at the end of the most recent reporting period.
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Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its holdings in Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after acquiring an additional 105 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Roblox by 2,636.4% in the 3rd quarter. Horizon Investments LLC now owns 301 shares of the company’s stock valued at $42,000 after purchasing an additional 290 shares in the last quarter. Reyes Financial Architecture Inc. raised its holdings in shares of Roblox by 164.4% in the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after purchasing an additional 194 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in shares of Roblox during the 4th quarter worth $27,000. Finally, GW&K Investment Management LLC lifted its position in shares of Roblox by 76.3% during the 4th quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock worth $30,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.
Insider Activity
In other news, insider Matthew D. Kaufman sold 14,356 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.27, for a total value of $649,896.12. Following the completion of the sale, the insider directly owned 349,964 shares of the company’s stock, valued at approximately $15,842,870.28. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Naveen K. Chopra sold 16,863 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total transaction of $763,556.64. Following the transaction, the chief financial officer owned 380,758 shares in the company, valued at approximately $17,240,722.24. This trade represents a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 161,983 shares of company stock worth $7,455,828 over the last ninety days. 10.05% of the stock is owned by corporate insiders.
Roblox Stock Performance
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NYSE RBLX opened at $35.68 on Thursday. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. Roblox Corporation has a 1 year low of $33.88 and a 1 year high of $142.00. The company has a market capitalization of $23.91 billion, a PE ratio of -24.95 and a beta of 1.46. The company has a fifty day moving average of $47.75 and a two-hundred day moving average of $54.24.
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