SVB Wealth LLC Invests $604,000 in Roblox Co. (NYSE:RBLX)

SVB Wealth LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 10,445 shares of the company’s stock, valued at approximately $604,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Simon Quick Advisors LLC grew its stake in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after purchasing an additional 245 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity

In other Roblox news, CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the transaction, the chief executive officer now owns 129,295 shares of the company’s stock, valued at $7,409,896.45. This represents a 72.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the completion of the transaction, the chief financial officer now directly owns 331,187 shares in the company, valued at $18,519,977.04. The trade was a 23.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,136,535 shares of company stock valued at $70,589,814. 22.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RBLX. Moffett Nathanson lowered Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Wedbush restated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research report on Friday, February 7th. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Finally, Benchmark upped their price objective on shares of Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Down 2.3 %

Shares of RBLX opened at $62.15 on Tuesday. The company has a market capitalization of $38.47 billion, a PE ratio of -42.86 and a beta of 1.46. 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 stock has a fifty day simple moving average of $64.17 and a two-hundred day simple moving average of $53.53. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

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

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.