Cerity Partners LLC Raises Holdings in Roblox Co. (NYSE:RBLX)

Cerity Partners LLC grew its stake in Roblox Co. (NYSE:RBLX) by 21.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 115,036 shares of the company’s stock after buying an additional 20,063 shares during the quarter. Cerity Partners LLC’s holdings in Roblox were worth $6,568,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rakuten Securities Inc. grew its stake in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC boosted its position in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the 4th 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. Versant Capital Management Inc raised its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after acquiring an additional 245 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the sale, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This trade represents a 3.84 % 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, CAO Amy Marie Rawlings sold 5,879 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,232,833 shares of company stock worth $76,827,466. Corporate insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of several recent analyst reports. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. The Goldman Sachs Group increased their target price on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Needham & Company LLC boosted their price target on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Finally, Morgan Stanley boosted their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.22.

Roblox Price Performance

Shares of NYSE:RBLX opened at $57.28 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The company has a 50-day moving average price of $60.20 and a 200 day moving average price of $56.26. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a market cap of $36.00 billion, a P/E ratio of -39.50 and a beta of 1.49.

Roblox (NYSE:RBLX) last posted 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 return on equity of 665.98% and a negative net margin of 25.97%. Research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

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.