TFO Wealth Partners LLC Acquires 1,465 Shares of Roblox Co. (NYSE:RBLX)

TFO Wealth Partners LLC boosted its holdings in Roblox Co. (NYSE:RBLXFree Report) by 2,930.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,515 shares of the company’s stock after acquiring an additional 1,465 shares during the quarter. TFO Wealth Partners LLC’s holdings in Roblox were worth $69,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in shares of Roblox by 3.3% during the 4th quarter. Stifel Financial Corp now owns 133,118 shares of the company’s stock worth $6,086,000 after acquiring an additional 4,301 shares during the last quarter. TD Asset Management Inc lifted its stake in Roblox by 36.0% during the fourth quarter. TD Asset Management Inc now owns 106,681 shares of the company’s stock worth $4,877,000 after purchasing an additional 28,220 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Roblox by 98.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,689 shares of the company’s stock worth $214,000 after purchasing an additional 2,332 shares in the last quarter. S&CO Inc. increased its position in shares of Roblox by 9.8% during the 4th quarter. S&CO Inc. now owns 41,185 shares of the company’s stock valued at $1,882,000 after purchasing an additional 3,675 shares during the last quarter. Finally, Schubert & Co purchased a new position in shares of Roblox during the 4th quarter valued at about $247,000. Institutional investors own 91.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Moffett Nathanson raised shares of Roblox from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $31.00 to $26.00 in a research note on Friday, May 10th. Barclays decreased their target price on shares of Roblox from $46.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Piper Sandler restated an “overweight” rating and set a $40.00 price target (down from $56.00) on shares of Roblox in a research report on Friday, May 10th. JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $48.00 in a report on Tuesday, April 23rd. Finally, Benchmark dropped their target price on Roblox from $50.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 10th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $41.76.

View Our Latest Stock Analysis on RBLX

Insider Buying and Selling at Roblox

In related news, Director Andrea L. Wong sold 5,276 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $31.13, for a total value of $164,241.88. Following the sale, the director now owns 26,319 shares in the company, valued at approximately $819,310.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO David Baszucki sold 100,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $38.31, for a total transaction of $3,831,000.00. Following the sale, the chief executive officer now owns 148,845 shares in the company, valued at $5,702,251.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrea L. Wong sold 5,276 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $31.13, for a total transaction of $164,241.88. Following the sale, the director now directly owns 26,319 shares of the company’s stock, valued at approximately $819,310.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 278,351 shares of company stock valued at $10,037,127. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Up 1.7 %

NYSE RBLX opened at $35.61 on Thursday. The stock’s 50 day moving average is $35.56 and its 200 day moving average is $39.17. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm has a market capitalization of $21.06 billion, a PE ratio of -19.15 and a beta of 1.58. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20.

Roblox (NYSE:RBLXGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The firm had revenue of $923.76 million for the quarter, compared to analysts’ expectations of $918.85 million. During the same quarter in the previous year, the business posted ($0.44) EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Research analysts forecast that Roblox Co. will post -1.7 earnings per share for the current fiscal year.

Roblox Company Profile

(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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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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