NewSquare Capital LLC Has $6.48 Million Stock Position in Roblox Co. (NYSE:RBLX)

NewSquare Capital LLC boosted its holdings in Roblox Co. (NYSE:RBLX) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,056 shares of the company’s stock after buying an additional 5,981 shares during the quarter. NewSquare Capital LLC’s holdings in Roblox were worth $6,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Frazier Financial Advisors LLC grew its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the last quarter. Versant Capital Management Inc grew its position in 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 during the last quarter. Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Huntington National Bank raised its position in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RBLX. Benchmark upped their price objective on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays decreased their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Roth Mkm lifted their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Morgan Stanley increased their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Needham & Company LLC lifted their target price on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Buying and Selling

In related news, CFO Michael Guthrie sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $55.92, for a total value of $5,592,000.00. Following the sale, the chief financial officer now owns 331,187 shares in the company, valued at $18,519,977.04. This represents a 23.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the transaction, the insider now owns 278,161 shares of the company’s stock, valued at $16,620,119.75. This trade represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,136,535 shares of company stock worth $70,589,814 in the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Roblox Price Performance

RBLX stock opened at $62.83 on Wednesday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The company’s 50-day moving average is $64.23 and its 200-day moving average is $53.69. The stock has a market capitalization of $38.89 billion, a PE ratio of -43.33 and a beta of 1.46. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

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.