Bank of America Corp DE trimmed its position in Roblox Corporation (NYSE:RBLX – Free Report) by 28.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,353,704 shares of the company’s stock after selling 952,539 shares during the period. Bank of America Corp DE owned approximately 0.35% of Roblox worth $133,125,000 as of its most recent filing with the Securities & Exchange Commission.
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Other hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in shares of Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after purchasing an additional 105 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Roblox by 2,636.4% in the third quarter. Horizon Investments LLC now owns 301 shares of the company’s stock worth $42,000 after buying an additional 290 shares during the last quarter. Reyes Financial Architecture Inc. lifted its stake in shares of Roblox by 164.4% during the fourth quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock worth $25,000 after buying an additional 194 shares during the period. Fideuram Asset Management Ireland dac purchased a new stake in shares of Roblox during the fourth quarter valued at $27,000. Finally, GW&K Investment Management LLC increased its position in shares of Roblox by 76.3% in the 4th quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after acquiring an additional 161 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Sean Jack Buckley sold 4,744 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.36, for a total value of $219,931.84. Following the sale, the insider directly owned 97,141 shares in the company, valued at approximately $4,503,456.76. The trade was a 4.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 14,356 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $45.27, for a total transaction of $649,896.12. Following the completion of the transaction, the insider directly owned 349,964 shares in the company, valued at $15,842,870.28. The trade was a 3.94% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 161,983 shares of company stock worth $7,455,828. 10.05% of the stock is currently owned by corporate insiders.
Roblox Price Performance
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Shares of Roblox stock opened at $36.11 on Friday. The business has a 50 day simple moving average of $48.46 and a two-hundred day simple moving average of $55.43. Roblox Corporation has a 12 month low of $33.88 and a 12 month high of $142.00. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $24.19 billion, a P/E ratio of -25.25 and a beta of 1.46.
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