Strategic Financial Concepts LLC bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in 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.
Several other large investors also recently made changes to their positions in RBLX. ValueAct Holdings L.P. grew its holdings in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. FMR LLC grew its holdings in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Roblox during the third quarter worth $107,491,000. Two Sigma Advisers LP grew its holdings in shares of Roblox by 32.9% during the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company's stock worth $259,576,000 after purchasing an additional 1,452,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Roblox by 195.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,852,131 shares of the company's stock valued at $81,975,000 after acquiring an additional 1,226,072 shares during the last quarter. Institutional investors own 94.46% of the company's stock.
In other news, Director Anthony P. Lee sold 25,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $52.34, for a total value of $1,308,500.00. Following the completion of the sale, the director now owns 5,731,695 shares of the company's stock, valued at approximately $299,996,916.30. This represents a 0.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 333,334 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the sale, the chief executive officer now directly owns 129,295 shares of the company's stock, valued at $7,409,896.45. This represents a 72.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,306,335 shares of company stock valued at $77,348,316. 22.15% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on RBLX shares. CICC Research initiated coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating for the company. Canaccord Genuity Group lifted their price objective on Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. HSBC initiated coverage on Roblox in a research note on Thursday, December 12th. They issued a "buy" rating and a $63.00 target price on the stock. Raymond James reaffirmed a "strong-buy" rating and issued a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Finally, Morgan Stanley lifted their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $64.19.
Check Out Our Latest Analysis on Roblox
NYSE:RBLX opened at $66.41 on Friday. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The business has a 50 day moving average price of $62.47 and a two-hundred day moving average price of $50.68. The company has a market cap of $40.34 billion, a P/E ratio of -45.80 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 for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. As a group, analysts expect that Roblox Co. will post -1.4 EPS for the current fiscal year.
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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