Cerity Partners LLC Acquires 20,063 Shares of Roblox Co. (NYSE:RBLX)

Cerity Partners LLC lifted its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,036 shares of the company's stock after purchasing an additional 20,063 shares during the quarter. Cerity Partners LLC's holdings in Roblox were worth $6,568,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Toronto Dominion Bank boosted its holdings in shares of Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock valued at $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC grew its holdings in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after acquiring an additional 62,390 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Roblox in the 4th quarter valued at about $363,000. Silicon Valley Capital Partners boosted its holdings in Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after buying an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after purchasing an additional 1,971 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

RBLX has been the subject of several research analyst reports. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research note on Friday, February 7th. Roth Mkm lifted their target price on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Citigroup upped their target price on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Wedbush reiterated an "outperform" rating and set a $83.00 price target on shares of Roblox in a research note on Friday, February 7th. Finally, Barclays dropped their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.22.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 229,167 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $11,649,667.84. This represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anthony P. Lee sold 250,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the transaction, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,232,833 shares of company stock worth $76,827,466. Company insiders own 22.15% of the company's stock.

Roblox Trading Up 3.3 %

Roblox stock traded up $1.90 during midday trading on Tuesday, hitting $58.81. 6,078,335 shares of the stock were exchanged, compared to its average volume of 7,862,916. The company has a fifty day simple moving average of $59.83 and a two-hundred day simple moving average of $56.43. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $36.96 billion, a PE ratio of -40.56 and a beta of 1.49. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74.

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

Roblox Company 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.