Roblox Corporation $RBLX Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its holdings in shares of Roblox Corporation (NYSE:RBLX) by 15,059.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,347 shares of the company’s stock after acquiring an additional 136,441 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Roblox were worth $19,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after acquiring an additional 231 shares during the last quarter. Sivia Capital Partners LLC increased its position in 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 purchasing an additional 5,363 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Roblox by 58.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,903 shares of the company’s stock worth $1,147,000 after purchasing an additional 4,004 shares in the last quarter. Cetera Investment Advisers raised its stake in Roblox by 4.8% in the 2nd quarter. Cetera Investment Advisers now owns 35,811 shares of the company’s stock valued at $3,767,000 after purchasing an additional 1,628 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Roblox in the 2nd quarter valued at about $809,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 272,269 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total value of $19,783,065.54. Following the transaction, the chief executive officer owned 811,373 shares in the company, valued at approximately $58,954,362.18. This trade represents a 25.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the transaction, the insider directly owned 307,263 shares in the company, valued at approximately $22,322,656.95. This trade represents a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 636,248 shares of company stock worth $46,013,542. 12.92% of the stock is owned by insiders.

Roblox Stock Down 1.3%

Shares of NYSE RBLX opened at $57.52 on Friday. The stock has a market capitalization of $38.06 billion, a PE ratio of -37.11 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The firm has a fifty day moving average of $68.36 and a 200-day moving average of $95.77. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RBLX shares. Wells Fargo & Company set a $97.00 price target on shares of Roblox in a research note on Monday, February 9th. Roth Mkm raised shares of Roblox from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $84.00 in a research report on Monday, February 9th. Wolfe Research set a $100.00 target price on shares of Roblox in a research report on Monday, January 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. Finally, BTIG Research reiterated a “buy” rating and issued a $141.00 price target on shares of Roblox in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.81.

Roblox 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.