Grant Private Wealth Management Inc Makes New Investment in Roblox Co. (NYSE:RBLX)

Grant Private Wealth Management Inc acquired a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,320 shares of the company's stock, valued at approximately $424,000.

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

Insider Activity at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the company's 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 directly owns 204,261 shares in the company, valued at $12,513,028.86. This represents a 0.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,003,666 shares of company stock valued at $64,800,781. Corporate insiders own 22.15% of the company's stock.

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Roblox Stock Performance

RBLX stock traded down $0.17 during trading on Tuesday, hitting $52.36. 1,977,302 shares of the company traded hands, compared to its average volume of 7,829,905. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock's 50-day simple moving average is $62.13 and its 200 day simple moving average is $56.05. The company has a market cap of $32.41 billion, a PE ratio of -36.03 and a beta of 1.49.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RBLX shares. Wedbush restated an "outperform" rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Roth Mkm increased their target price on Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. FBN Securities started coverage on Roblox in a research note on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $64.23.

Roblox 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.