4,325 Shares in Roblox Co. (NYSE:RBLX) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,325 shares of the company's stock, valued at approximately $250,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RBLX. Wealthfront Advisers LLC boosted its holdings in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. ValueAct Holdings L.P. boosted its holdings in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. FMR LLC boosted its holdings in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after acquiring an additional 3,507,901 shares during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in shares of Roblox in the 3rd quarter worth approximately $107,491,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 34,099 shares of the company's stock in a transaction on 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 owns 221,983 shares of the company's stock, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 950,466 shares of company stock worth $61,646,297. Corporate insiders own 22.15% of the company's stock.

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Roblox Stock Up 5.7 %

Shares of NYSE:RBLX traded up $3.29 during trading hours on Friday, reaching $61.21. The stock had a trading volume of 13,368,982 shares, compared to its average volume of 7,623,022. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The firm's 50 day moving average is $63.54 and its 200-day moving average is $54.90. 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 stock has a market capitalization of $37.89 billion, a price-to-earnings ratio of -42.21 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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%. Research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. 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. Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Finally, Citigroup upped their price objective on shares of Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. One 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.19.

About Roblox

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.