47,506 Shares in Roblox Co. (NYSE:RBLX) Acquired by Savant Capital LLC

Savant Capital LLC purchased a new stake in shares of Roblox Co. (NYSE:RBLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 47,506 shares of the company’s stock, valued at approximately $2,749,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp purchased a new position in shares of Roblox in the 2nd quarter worth $559,000. Cetera Investment Advisers grew its holdings in Roblox by 4.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock valued at $1,538,000 after buying an additional 1,748 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Roblox by 132.8% during the 3rd 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. Livforsakringsbolaget Skandia Omsesidigt grew its position in Roblox by 640.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,700 shares of the company’s stock worth $164,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Creative Planning increased its position in shares of Roblox by 6.2% during the 3rd quarter. Creative Planning now owns 138,247 shares of the company’s stock valued at $6,119,000 after purchasing an additional 8,097 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In other Roblox news, CFO Michael Guthrie sold 40,000 shares of the business’s stock in a transaction on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony P. Lee sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the transaction, the director now owns 5,731,695 shares in the company, valued at $299,996,916.30. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,352,014 shares of company stock worth $80,360,389 over the last 90 days. 22.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BTIG Research lifted their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. CICC Research assumed coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Finally, Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Price Performance

Shares of NYSE:RBLX opened at $64.18 on Thursday. The company’s fifty day moving average price is $63.17 and its 200 day moving average price is $51.20. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The firm has a market capitalization of $38.99 billion, a P/E ratio of -44.26 and a beta of 1.46.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping 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 predict that Roblox Co. will post -1.4 earnings per share for the current fiscal 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.