Strategic Financial Concepts LLC bought a new position in Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 127,234 shares of the company's stock, valued at approximately $7,362,000.
A number of other institutional investors have also recently added to or reduced their stakes in RBLX. Truist Financial Corp acquired a new stake in Roblox in the second quarter worth approximately $559,000. Cetera Investment Advisers lifted its position in shares of Roblox by 4.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,332 shares of the company's stock valued at $1,538,000 after acquiring an additional 1,748 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Roblox during the 2nd quarter valued at $1,105,000. GAMMA Investing LLC lifted its position in shares of Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after acquiring an additional 530 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Roblox during the 3rd quarter valued at $235,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.
Roblox Stock Performance
RBLX stock traded down $1.87 during mid-day trading on Wednesday, reaching $64.18. 6,726,680 shares of the stock traded hands, compared to its average volume of 9,576,813. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The business has a 50-day moving average of $62.98 and a two-hundred day moving average of $51.11. The firm has a market capitalization of $38.99 billion, a PE ratio of -44.26 and a beta of 1.46.
Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (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 795.19%. As a group, equities analysts predict that Roblox Co. will post -1.4 EPS for the current fiscal year.
Analyst Ratings Changes
RBLX has been the subject of a number of research analyst reports. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a report on Friday, February 7th. Wedbush restated an "outperform" rating and issued a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Barclays reduced their target price on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Benchmark increased their target price on Roblox from $60.00 to $71.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Morgan Stanley increased their target price on Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.19.
View Our Latest Stock Analysis on Roblox
Insider Activity at Roblox
In other Roblox news, CEO David Baszucki sold 138,555 shares of Roblox 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 sale, the chief executive officer now directly owns 129,301 shares of the company's stock, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the sale, the chief accounting officer now directly owns 81,407 shares in the company, valued at $4,014,993.24. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,306,335 shares of company stock worth $77,348,316. Company insiders own 22.15% of the company's stock.
Roblox Profile
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Free Report)
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.
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