4,913 Shares in Roblox Co. (NYSE:RBLX) Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC acquired a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,913 shares of the company’s stock, valued at approximately $224,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Roblox by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after buying an additional 10,025,779 shares during the last quarter. State Street Corp increased its position in Roblox by 2,473.0% during the 2nd quarter. State Street Corp now owns 6,586,856 shares of the company’s stock valued at $216,444,000 after buying an additional 6,330,861 shares in the last quarter. Ieq Capital LLC boosted its stake in Roblox by 158.0% in the 3rd quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock worth $265,035,000 after purchasing an additional 5,604,995 shares in the last quarter. Morgan Stanley increased its stake in Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after purchasing an additional 4,927,848 shares in the last quarter. Finally, Norges Bank purchased a new position in Roblox in the 4th quarter worth $81,174,000. Institutional investors own 91.08% of the company’s stock.

Roblox Stock Down 0.1 %

Shares of RBLX stock opened at $36.64 on Wednesday. The firm’s 50-day moving average is $39.86 and its two-hundred day moving average is $38.79. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.48) EPS. Equities research analysts anticipate that Roblox Co. will post -2.1 EPS for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction dated 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 sale, the chief accounting officer now directly owns 96,125 shares in the company, valued at $3,906,520. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares in the company, valued at approximately $3,906,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Baszucki sold 8,333 shares of Roblox stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total transaction of $343,069.61. Following the completion of the transaction, the director now owns 9,786,603 shares of the company’s stock, valued at approximately $402,914,445.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 703,707 shares of company stock worth $29,379,607. Company insiders own 27.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RBLX. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $26.00 to $46.00 in a research note on Thursday, February 8th. Wedbush increased their price target on shares of Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $48.00 in a research note on Thursday, February 8th. Roth Mkm increased their price objective on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets raised their target price on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.25.

Roblox 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.