Wedbush Securities Inc. Buys Shares of 6,175 Roblox Co. (NYSE:RBLX)

Wedbush Securities Inc. acquired a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,175 shares of the company's stock, valued at approximately $357,000.

Several other institutional investors have also modified their holdings of the business. Versant Capital Management Inc grew its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after buying an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after buying an additional 271 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Macquarie upped their target price on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Roth Mkm raised their target price on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. The Goldman Sachs Group lifted their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Benchmark reiterated a "buy" rating and issued a $71.00 target price on shares of Roblox in a research note on Tuesday, March 18th. Finally, Citigroup upped their price objective on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.22.

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Insider Transactions at Roblox

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,232,833 shares of company stock worth $76,827,466. Corporate insiders own 22.15% of the company's stock.

Roblox Price Performance

NYSE:RBLX traded up $2.61 during trading hours on Tuesday, hitting $59.52. The company's stock had a trading volume of 2,691,295 shares, compared to its average volume of 7,850,048. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a fifty day simple moving average of $59.83 and a 200-day simple moving average of $56.43. The company has a market capitalization of $37.41 billion, a P/E ratio of -41.02 and a beta of 1.49.

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

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.