Roblox Co. (NYSE:RBLX) Shares Acquired by Signaturefd LLC

Signaturefd LLC grew its position in Roblox Co. (NYSE:RBLX) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,770 shares of the company’s stock after acquiring an additional 651 shares during the period. Signaturefd LLC’s holdings in Roblox were worth $218,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RBLX. AE Wealth Management LLC raised its position in shares of Roblox by 33.3% in the third quarter. AE Wealth Management LLC now owns 16,806 shares of the company’s stock worth $487,000 after acquiring an additional 4,196 shares during the period. Handelsbanken Fonder AB raised its position in shares of Roblox by 117.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 63,801 shares of the company’s stock worth $1,848,000 after purchasing an additional 34,461 shares during the last quarter. Ridgewood Investments LLC raised its position in shares of Roblox by 143.7% during the 3rd quarter. Ridgewood Investments LLC now owns 7,442 shares of the company’s stock worth $216,000 after purchasing an additional 4,388 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Roblox by 22.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,229 shares of the company’s stock worth $238,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Roblox by 10.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 96,880 shares of the company’s stock worth $2,806,000 after purchasing an additional 8,790 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the transaction, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the completion of the transaction, the chief executive officer now owns 1 shares in the company, valued at $44.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the transaction, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The disclosure for this sale can be found here. Over the last quarter, insiders sold 712,374 shares of company stock worth $29,639,338. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Performance

RBLX opened at $36.01 on Friday. The stock’s 50-day moving average price is $38.53 and its 200 day moving average price is $39.06. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.05. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.48) earnings per share. As a group, research analysts expect that Roblox Co. will post -2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Roblox from a “sell” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $48.00 in a research note on Thursday, February 8th. BMO Capital Markets upped their price objective on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Wedbush upped their price objective on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Benchmark reaffirmed a “buy” rating and set a $50.00 price objective on shares of Roblox in a research note on Tuesday, April 23rd. Finally, Roth Mkm upped their price objective on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

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.