D.A. Davidson & CO. Grows Position in Roblox Co. (NYSE:RBLX)

D.A. Davidson & CO. increased its position in shares of Roblox Co. (NYSE:RBLX) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,602 shares of the company’s stock after purchasing an additional 891 shares during the period. D.A. Davidson & CO.’s holdings in Roblox were worth $1,423,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RBLX. Signaturefd LLC boosted its position in Roblox by 21.6% in the 3rd quarter. Signaturefd LLC now owns 5,900 shares of the company’s stock valued at $261,000 after buying an additional 1,047 shares during the period. International Assets Investment Management LLC boosted its position in Roblox by 1,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 84,271 shares of the company’s stock valued at $3,730,000 after buying an additional 78,764 shares during the period. IFM Investors Pty Ltd boosted its position in Roblox by 1.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 92,118 shares of the company’s stock valued at $4,077,000 after buying an additional 976 shares during the period. Assenagon Asset Management S.A. boosted its position in Roblox by 853.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 278,576 shares of the company’s stock valued at $12,330,000 after buying an additional 249,347 shares during the period. Finally, Ballentine Partners LLC lifted its position in shares of Roblox by 2.0% in the 3rd quarter. Ballentine Partners LLC now owns 28,396 shares of the company’s stock worth $1,257,000 after purchasing an additional 546 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Arvind Chakravarthy sold 14,269 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total value of $705,316.67. Following the sale, the insider now directly owns 244,803 shares of the company’s stock, valued at $12,100,612.29. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares in the company, valued at $7,409,896.45. This trade represents a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,062,052 shares of company stock valued at $65,611,500 in the last ninety days. Insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RBLX shares. Benchmark upped their price target on shares of Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. CICC Research started coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. Wells Fargo & Company upped their price target on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Macquarie upped their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Trading Down 0.5 %

Shares of Roblox stock opened at $62.52 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. 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 $38.70 billion, a price-to-earnings ratio of -43.11 and a beta of 1.46. The firm’s 50 day simple moving average is $64.04 and its two-hundred day simple moving average is $52.45.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Analysts predict that Roblox Co. will post -1.49 EPS 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.