Rakuten Securities Inc. Takes $58,000 Position in Roblox Co. (NYSE:RBLX)

Rakuten Securities Inc. bought a new position in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,270 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Roblox by 0.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after purchasing an additional 458 shares in the last quarter. SVB Wealth LLC grew its stake in Roblox by 131.6% in the fourth quarter. SVB Wealth LLC now owns 24,457 shares of the company’s stock valued at $1,118,000 after acquiring an additional 13,899 shares during the period. Waldron Private Wealth LLC bought a new stake in shares of Roblox during the fourth quarter valued at approximately $224,000. Aquila Investment Management LLC acquired a new position in shares of Roblox during the fourth quarter worth approximately $1,646,000. Finally, Simplicity Solutions LLC lifted its holdings in shares of Roblox by 9.0% in the 4th quarter. Simplicity Solutions LLC now owns 9,613 shares of the company’s stock worth $439,000 after purchasing an additional 791 shares in the last quarter. 91.08% of the stock is owned by institutional investors.

Roblox Price Performance

NYSE RBLX opened at $36.37 on Thursday. 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 Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The firm’s 50-day simple moving average is $39.69 and its two-hundred day simple moving average is $38.78.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted ($0.48) EPS. Roblox’s revenue was up 25.3% compared to the same quarter last year. Research analysts predict that Roblox Co. will post -2.1 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 100,000 shares of Roblox stock in a transaction on Monday, April 8th. The stock was sold at an average price of $38.31, for a total value of $3,831,000.00. Following the completion of the transaction, the chief executive officer now directly owns 148,845 shares in the company, valued at $5,702,251.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Roblox news, CEO David Baszucki sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $38.31, for a total value of $3,831,000.00. Following the completion of the transaction, the chief executive officer now owns 148,845 shares in the company, valued at approximately $5,702,251.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $153,497.28. Following the transaction, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The disclosure for this sale can be found here. Insiders have sold a total of 703,707 shares of company stock worth $29,379,607 over the last 90 days. Corporate insiders own 27.67% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research reports. Benchmark restated a “buy” rating and set a $46.00 price objective on shares of Roblox in a report on Tuesday, January 23rd. BMO Capital Markets raised their price target on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Roth Mkm raised their target price on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $46.25.

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.