Roblox Co. (NYSE:RBLX) Shares Acquired by Silicon Valley Capital Partners

Silicon Valley Capital Partners boosted its stake in Roblox Co. (NYSE:RBLX) by 3,010.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 69,104 shares of the company’s stock after purchasing an additional 66,882 shares during the period. Silicon Valley Capital Partners’ holdings in Roblox were worth $3,998,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RBLX. Truist Financial Corp purchased a new stake in shares of Roblox during the 2nd quarter worth $559,000. Cetera Investment Advisers lifted its position in Roblox by 4.4% in the second quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock valued at $1,538,000 after acquiring an additional 1,748 shares during the last quarter. GAMMA Investing LLC lifted its position in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Roblox in the third quarter valued at $235,000. Finally, CWM LLC lifted its position in Roblox by 61.7% in the third quarter. CWM LLC now owns 74,221 shares of the company’s stock valued at $3,285,000 after acquiring an additional 28,329 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Price Performance

RBLX opened at $66.41 on Monday. The company has a fifty day simple moving average of $62.47 and a 200 day simple moving average of $50.76. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. As a group, sell-side analysts expect that Roblox Co. will post -1.4 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RBLX shares. Benchmark upped their target price on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC boosted their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley upped their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research report on Friday. Finally, Macquarie upped their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the sale, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. This trade represents a 51.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Guthrie sold 40,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $52.07, for a total transaction of $2,082,800.00. Following the transaction, the chief financial officer now directly owns 352,844 shares in the company, valued at approximately $18,372,587.08. The trade was a 10.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,306,335 shares of company stock worth $77,348,316. 22.15% of the stock is currently owned by 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.