Focus Partners Wealth Has $1.11 Million Stake in Roblox Co. (NYSE:RBLX)

Focus Partners Wealth lifted its stake in Roblox Co. (NYSE:RBLX) by 90.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,822 shares of the company’s stock after purchasing an additional 8,953 shares during the quarter. Focus Partners Wealth’s holdings in Roblox were worth $1,106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RBLX. Colonial Trust Co SC acquired a new stake in shares of Roblox in the 4th quarter valued at $41,000. Parkside Financial Bank & Trust boosted its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares during the last quarter. Rakuten Securities Inc. increased its position in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 633 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Roblox by 2,955.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after purchasing an additional 1,182 shares during the period. Institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. The Goldman Sachs Group raised their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research report on Friday, February 7th. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a research report on Friday, May 2nd. Finally, Roth Mkm upped their price objective on Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $68.68.

Roblox Price Performance

Shares of NYSE RBLX opened at $81.21 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market cap of $51.16 billion, a PE ratio of -56.00 and a beta of 1.46. Roblox Co. has a 1-year low of $31.59 and a 1-year high of $82.02. The company has a fifty day moving average price of $62.73 and a 200 day moving average price of $60.80.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned ($0.43) earnings per share. The firm’s revenue was up 30.6% compared to the same quarter last year. Research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the sale, the chief accounting officer now directly owns 75,583 shares of the company’s stock, valued at approximately $4,636,261.22. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael Guthrie sold 21,614 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $1,325,802.76. Following the completion of the sale, the chief financial officer now owns 395,465 shares of the company’s stock, valued at approximately $24,257,823.10. This represents a 5.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,358,232 shares of company stock worth $161,232,273. Insiders own 22.15% of the company’s stock.

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.