Sei Investments Co. Acquires 126,413 Shares of Roblox Co. (NYSE:RBLX)

Sei Investments Co. lifted its stake in Roblox Co. (NYSE:RBLX) by 97.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,120 shares of the company’s stock after buying an additional 126,413 shares during the period. Sei Investments Co.’s holdings in Roblox were worth $14,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc increased its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after buying an additional 195 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 633 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in Roblox by 33,875.0% during the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after buying an additional 1,355 shares during the period. Institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 34,099 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $12,664,130.15. This represents a 13.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 926,466 shares of company stock worth $60,212,297. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Down 0.9 %

RBLX stock opened at $58.99 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The business has a 50 day moving average of $63.22 and a 200 day moving average of $55.41. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The firm has a market cap of $36.51 billion, a PE ratio of -40.68 and a beta of 1.49.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of a number of analyst reports. Citigroup boosted their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group upped their price target on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Morgan Stanley increased their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Macquarie boosted their target price on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.23.

Roblox Company 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.