Assetmark Inc. Has $9.47 Million Stock Holdings in Roblox Corporation $RBLX

Assetmark Inc. boosted its holdings in Roblox Corporation (NYSE:RBLX) by 53.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,376 shares of the company’s stock after purchasing an additional 23,748 shares during the period. Assetmark Inc.’s holdings in Roblox were worth $9,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after buying an additional 231 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after acquiring an additional 5,363 shares during the period. Yousif Capital Management LLC increased its stake in shares of Roblox by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock valued at $729,000 after purchasing an additional 127 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Roblox by 27.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,571 shares of the company’s stock worth $691,000 after buying an additional 1,423 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Roblox in the second quarter valued at about $359,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Performance

Roblox stock opened at $63.09 on Tuesday. The firm has a market capitalization of $41.74 billion, a PE ratio of -40.70 and a beta of 1.63. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The firm’s 50 day simple moving average is $77.88 and its 200 day simple moving average is $105.37. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the company earned ($0.33) EPS. The company’s quarterly revenue was up 122.6% compared to the same quarter last year. As a group, analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Matthew D. Kaufman sold 30,034 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the sale, the insider owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anthony P. Lee sold 66,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the completion of the transaction, the director owned 261,388 shares in the company, valued at $24,188,845.52. This represents a 20.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 789,521 shares of company stock worth $61,989,659. 12.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Roth Mkm upgraded Roblox from a “neutral” rating to a “buy” rating and increased their price target for the company from $78.00 to $84.00 in a research note on Monday, February 9th. Morgan Stanley dropped their price objective on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Benchmark reissued a “hold” rating on shares of Roblox in a research report on Monday, February 2nd. Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Roblox in a research report on Friday, February 6th. Finally, Citigroup reduced their price objective on Roblox from $152.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.44.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.