7,320 Shares in Roblox Co. (NYSE:RBLX) Purchased by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc bought a new stake in shares of Roblox Co. (NYSE:RBLX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,320 shares of the company’s stock, valued at approximately $424,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank grew its stake in Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC grew its position in shares of Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Roblox in the fourth quarter worth $363,000. Silicon Valley Capital Partners boosted its stake in Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after buying an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC grew its position in Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after buying an additional 1,971 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays dropped their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Morgan Stanley lifted their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Macquarie boosted their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Finally, Citigroup upped their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average target price of $64.23.

Roblox Stock Performance

Roblox stock opened at $61.61 on Thursday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The firm has a market cap of $38.14 billion, a P/E ratio of -42.49 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a 50-day moving average of $62.88 and a 200-day moving average of $55.80.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. Sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 34,099 shares of Roblox stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 926,466 shares of company stock valued at $60,212,297. 22.15% of the stock is currently owned by company insiders.

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.