29,280 Shares in Roblox Corporation $RBLX Purchased by Cypress Wealth Services LLC

Cypress Wealth Services LLC acquired a new position in shares of Roblox Corporation (NYSE:RBLX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,280 shares of the company’s stock, valued at approximately $2,373,000.

Several other hedge funds also recently modified their holdings of RBLX. Exchange Traded Concepts LLC raised its stake in shares of Roblox by 2.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 275,294 shares of the company’s stock worth $22,307,000 after buying an additional 7,845 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Roblox by 53.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 4,807 shares of the company’s stock valued at $390,000 after acquiring an additional 1,683 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in Roblox by 57.1% during the 4th quarter. Wolff Wiese Magana LLC now owns 600 shares of the company’s stock worth $49,000 after acquiring an additional 218 shares during the period. Net Worth Advisory Group grew its holdings in Roblox by 178.0% during the 4th quarter. Net Worth Advisory Group now owns 6,725 shares of the company’s stock worth $545,000 after acquiring an additional 4,306 shares during the period. Finally, Willner & Heller LLC raised its position in shares of Roblox by 120.9% during the 4th quarter. Willner & Heller LLC now owns 3,435 shares of the company’s stock valued at $278,000 after acquiring an additional 1,880 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 10,834 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the completion of the transaction, the chief executive officer owned 800,539 shares in the company, valued at approximately $49,337,218.57. This represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction dated Tuesday, February 10th. The shares were 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 directly owned 307,263 shares in the company, valued at $22,322,656.95. This represents a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 636,248 shares of company stock valued at $46,013,542 over the last quarter. 12.92% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on RBLX shares. UBS Group set a $74.00 price target on Roblox in a research report on Friday, February 6th. TD Cowen reiterated a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. Canaccord Genuity Group cut their target price on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Morgan Stanley decreased their target price on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Wells Fargo & Company set a $97.00 price target on Roblox in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $118.88.

Roblox Price Performance

Shares of RBLX opened at $52.31 on Friday. The stock has a 50 day simple moving average of $65.21 and a 200 day simple moving average of $92.43. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $34.61 billion, a PE ratio of -33.75 and a beta of 1.62.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. 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. Sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.