6,188 Shares in Roblox Co. (NYSE:RBLX) Purchased by Sapient Capital LLC

Sapient Capital LLC acquired a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,188 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Roblox in the 4th quarter valued at $25,000. Resurgent Financial Advisors LLC purchased a new position in Roblox during the fourth quarter valued at $25,000. 1832 Asset Management L.P. acquired a new stake in shares of Roblox in the first quarter valued at about $32,000. Penserra Capital Management LLC purchased a new stake in shares of Roblox during the fourth quarter worth about $43,000. Finally, High Net Worth Advisory Group LLC raised its position in shares of Roblox by 900.0% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock worth $46,000 after purchasing an additional 900 shares during the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RBLX shares. Wedbush lifted their price objective on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Roth Mkm increased their price objective on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. The Goldman Sachs Group raised shares of Roblox from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Finally, BMO Capital Markets increased their target price on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.25.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $38.58, for a total value of $154,320.00. Following the sale, the insider now owns 258,310 shares of the company’s stock, valued at $9,965,599.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO David Baszucki sold 200,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $44.09, for a total transaction of $8,818,000.00. Following the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at $44.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $38.58, for a total transaction of $154,320.00. Following the completion of the transaction, the insider now owns 258,310 shares of the company’s stock, valued at approximately $9,965,599.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 707,707 shares of company stock valued at $29,533,927. Company insiders own 27.67% of the company’s stock.

Roblox Trading Down 4.4 %

NYSE:RBLX opened at $36.68 on Tuesday. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The stock’s fifty day moving average is $39.94 and its two-hundred day moving average is $38.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the firm earned ($0.48) EPS. Roblox’s revenue was up 25.3% on a year-over-year basis. On average, equities research analysts predict that Roblox Co. will post -2.1 EPS for the current year.

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.