Strategic Financial Concepts LLC Invests $7.36 Million in Roblox Co. (NYSE:RBLX)

Strategic Financial Concepts LLC purchased a new stake in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 127,234 shares of the company’s stock, valued at approximately $7,362,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RBLX. Simon Quick Advisors LLC lifted its stake in shares of Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after purchasing an additional 217 shares during the last quarter. Versant Capital Management Inc lifted its position in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the last quarter. Impact Partnership Wealth LLC boosted its stake in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after buying an additional 245 shares during the period. Yousif Capital Management LLC increased its position in Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after acquiring an additional 245 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after acquiring an additional 271 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. Roth Mkm increased their price target on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. CICC Research initiated coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating for the company. JPMorgan Chase & Co. increased their target price on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Finally, BTIG Research boosted their target price on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 16,480 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $847,566.40. Following the transaction, the insider now directly owns 278,161 shares of the company’s stock, valued at $14,305,820.23. This represents a 5.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 166,666 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.71, for a total value of $8,451,632.86. Following the completion of the sale, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at approximately $6,884,136.05. This represents a 55.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,287,014 shares of company stock worth $76,969,089 in the last 90 days. 22.15% of the stock is owned by corporate insiders.

Roblox Price Performance

Shares of NYSE:RBLX opened at $66.62 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The business’s fifty day simple moving average is $63.45 and its 200-day simple moving average is $51.56.

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

About Roblox

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.