Proficio Capital Partners LLC Takes $6.46 Million Position in Roblox Co. (NYSE:RBLX)

Proficio Capital Partners LLC 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 111,554 shares of the company's stock, valued at approximately $6,455,000.

Other hedge funds also recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in shares of Roblox by 2.2% in the 4th quarter. M&T Bank Corp now owns 20,539 shares of the company's stock worth $1,188,000 after buying an additional 434 shares during the period. NewSquare Capital LLC lifted its holdings in shares of Roblox by 5.6% in the 4th quarter. NewSquare Capital LLC now owns 112,056 shares of the company's stock worth $6,484,000 after buying an additional 5,981 shares during the period. Carrera Capital Advisors lifted its holdings in shares of Roblox by 38.0% in the 4th quarter. Carrera Capital Advisors now owns 17,488 shares of the company's stock worth $1,012,000 after buying an additional 4,814 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Roblox by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,147,841 shares of the company's stock worth $124,274,000 after buying an additional 132,497 shares during the period. Finally, Plato Investment Management Ltd lifted its holdings in shares of Roblox by 236.3% in the 4th quarter. Plato Investment Management Ltd now owns 14,985 shares of the company's stock worth $870,000 after buying an additional 10,529 shares during the period. Institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

Shares of RBLX stock traded down $0.15 during mid-day trading on Thursday, reaching $57.96. The stock had a trading volume of 5,456,891 shares, compared to its average volume of 7,583,832. The business's fifty day moving average is $63.63 and its 200-day moving average is $54.68. 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 firm has a market cap of $35.87 billion, a price-to-earnings ratio of -39.97 and a beta of 1.49. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74.

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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 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%. On average, research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now directly owns 278,161 shares of the company's stock, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 34,099 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 950,466 shares of company stock valued at $61,646,297 over the last ninety days. Company insiders own 22.15% of the company's stock.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several research reports. Wedbush reiterated an "outperform" rating and issued a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Barclays decreased their price objective on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Macquarie upped their price objective on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Roth Mkm upped their price objective on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Finally, Morgan Stanley upped their price objective on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target 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.