Maia Wealth LLC Buys Shares of 14,772 Roblox Co. (NYSE:RBLX)

Maia Wealth LLC acquired a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,772 shares of the company’s stock, valued at approximately $855,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. Frazier Financial Advisors LLC grew its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after buying an additional 770 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in 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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RBLX. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Citigroup lifted their price target on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. CICC Research started coverage on Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. The Goldman Sachs Group increased their target price on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Stock Performance

Shares of NYSE RBLX opened at $63.53 on Friday. The stock has a fifty day moving average price of $64.11 and a two-hundred day moving average price of $53.28. The firm has a market cap of $39.33 billion, a P/E ratio of -43.82 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) 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 forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity

In other Roblox news, CEO David Baszucki sold 1,445 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $60.50, for a total value of $87,422.50. Following the transaction, the chief executive officer now directly owns 122,853 shares in the company, valued at approximately $7,432,606.50. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,160,553 shares of company stock valued at $71,809,407. Insiders own 22.15% of the company’s stock.

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.