5,000 Shares in Roblox Co. (NYSE:RBLX) Bought by Atlas Wealth LLC

Atlas Wealth LLC bought a new stake in Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,000 shares of the company's stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after buying an additional 271 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Down 2.6 %

NYSE RBLX traded down $1.64 during trading hours on Wednesday, reaching $60.38. 3,650,396 shares of the company's stock were exchanged, compared to its average volume of 7,590,523. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market capitalization of $37.37 billion, a price-to-earnings ratio of -41.64 and a beta of 1.49. The company's 50-day moving average is $63.53 and its two-hundred day moving average is $55.24. Roblox Co. has a one year low of $29.55 and a one year high of $75.74.

Remove Ads

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts' consensus estimates 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, analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RBLX shares. Barclays dropped their target price on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating on the stock. Roth Mkm lifted their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $64.19.

Insider Activity

In other news, CEO David Baszucki sold 34,099 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. This represents a 13.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now directly 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. Insiders have sold a total of 926,466 shares of company stock worth $60,212,297 over the last three months. Corporate insiders own 22.15% of the company's stock.

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.