6,260 Shares in Roblox Co. (NYSE:RBLX) Bought by Sapient Capital LLC

Sapient Capital LLC bought a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, Holdings Channel reports. The institutional investor bought 6,260 shares of the company’s stock, valued at approximately $286,000.

A number of other hedge funds have also recently made changes to their positions in RBLX. Axxcess Wealth Management LLC increased its position in Roblox by 53.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 15,136 shares of the company’s stock valued at $692,000 after purchasing an additional 5,258 shares during the period. M&T Bank Corp lifted its holdings in Roblox by 17.6% in the fourth quarter. M&T Bank Corp now owns 19,018 shares of the company’s stock valued at $870,000 after buying an additional 2,853 shares during the period. Natixis Advisors L.P. bought a new stake in Roblox during the fourth quarter valued at $554,000. First Trust Direct Indexing L.P. acquired a new stake in Roblox during the 4th quarter worth about $209,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of Roblox in the 4th quarter worth about $251,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of research analyst reports. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 target price on shares of Roblox in a research report on Monday, April 22nd. The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Needham & Company LLC increased their price objective on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised Roblox from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $48.00 in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $47.60.

Roblox Price Performance

NYSE RBLX opened at $40.11 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64. The firm’s 50-day simple moving average is $38.06 and its two-hundred day simple moving average is $39.33. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. The business had revenue of $1.13 billion during 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%. Roblox’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.48) EPS. Research analysts predict that Roblox Co. will post -2.09 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total value of $456,040.00. Following the sale, the director now directly owns 9,747,603 shares of the company’s stock, valued at $341,945,913.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total transaction of $456,040.00. Following the completion of the transaction, the director now directly owns 9,747,603 shares in the company, valued at approximately $341,945,913.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total value of $1,081,800.00. Following the completion of the sale, the chief financial officer now owns 396,709 shares in the company, valued at approximately $14,305,326.54. The disclosure for this sale can be found here. Insiders sold a total of 712,374 shares of company stock worth $29,639,338 in the last quarter. 22.15% of the stock is owned by company insiders.

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.