Intellus Advisors LLC Acquires Shares of 6,344 Roblox Co. (NYSE:RBLX)

Intellus Advisors LLC bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,344 shares of the company's stock, valued at approximately $367,000.

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

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 50,000 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the transaction, the insider now directly owns 281,161 shares of the company's stock, valued at approximately $18,269,841.78. This trade represents a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 34,099 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the sale, the chief executive officer now owns 221,983 shares in the company, valued at $12,664,130.15. This represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 926,466 shares of company stock valued at $60,212,297 in the last ninety days. 22.15% of the stock is currently owned by insiders.

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Roblox Price Performance

NYSE:RBLX traded down $1.64 during mid-day trading on Wednesday, reaching $60.38. The stock had a trading volume of 3,650,396 shares, compared to its average volume of 7,597,971. The stock has a 50-day simple moving average of $63.47 and a two-hundred day simple moving average of $55.27. 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 12 month low of $29.55 and a 12 month high of $75.74. The stock has a market capitalization of $37.37 billion, a PE ratio of -41.64 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (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, equities analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on RBLX shares. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an "outperform" rating on the stock. Wedbush reissued an "outperform" rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a report on Friday, February 7th. Needham & Company LLC lifted their target price on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Barclays lowered their price target on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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.