Roblox Co. (NYSE:RBLX) Position Increased by NewSquare Capital LLC

NewSquare Capital LLC grew its stake in Roblox Co. (NYSE:RBLX - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,056 shares of the company's stock after acquiring an additional 5,981 shares during the quarter. NewSquare Capital LLC's holdings in Roblox were worth $6,484,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RBLX. First Trust Direct Indexing L.P. lifted its position in Roblox by 12.8% during the third quarter. First Trust Direct Indexing L.P. now owns 6,219 shares of the company's stock worth $275,000 after buying an additional 708 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Roblox by 94.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company's stock worth $815,000 after purchasing an additional 8,939 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Roblox by 724.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 804,488 shares of the company's stock worth $35,607,000 after purchasing an additional 706,939 shares during the period. Gulf International Bank UK Ltd raised its holdings in shares of Roblox by 8.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company's stock worth $1,667,000 after purchasing an additional 2,932 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Roblox by 308.2% in the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company's stock worth $8,047,000 after purchasing an additional 137,267 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

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Roblox Stock Down 2.3 %

NYSE RBLX traded down $1.33 during mid-day trading on Friday, reaching $57.24. 11,385,225 shares of the company's stock traded hands, compared to its average volume of 7,559,054. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a fifty day simple moving average of $64.28 and a 200-day simple moving average of $53.79. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a market cap of $35.43 billion, a price-to-earnings ratio of -39.48 and a beta of 1.49.

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

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 138,555 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares of the company's stock, valued at $9,260,537.62. This trade represents a 51.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 961,255 shares of company stock valued at $62,394,678 in the last quarter. Insiders own 22.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RBLX shares. Piper Sandler restated an "overweight" rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. HSBC started coverage on Roblox in a report on Thursday, December 12th. They issued a "buy" rating and a $63.00 price objective on the stock. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Benchmark raised their price objective on Roblox from $60.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, CICC Research initiated coverage on Roblox in a report on Tuesday, January 14th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $64.19.

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.