Parkside Financial Bank & Trust Has $43,000 Stake in Roblox Co. (NYSE:RBLX)

Parkside Financial Bank & Trust increased its position in shares of Roblox Co. (NYSE:RBLX) by 44.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 747 shares of the company’s stock after buying an additional 230 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Roblox were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Frazier Financial Advisors LLC grew its stake in shares of 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 acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the last quarter. Huntington National Bank grew 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 in the last quarter. True Wealth Design LLC increased its stake in Roblox by 33,875.0% in the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after buying an additional 1,355 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RBLX. HSBC initiated coverage on Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective for the company. CICC Research initiated coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Wedbush reissued an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. Citigroup boosted their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Insider Buying and Selling

In other news, 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 transaction 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. This represents a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the transaction, the insider now owns 204,261 shares in the company, valued at $12,513,028.86. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,136,535 shares of company stock valued at $70,589,814 over the last 90 days. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Down 2.3 %

RBLX opened at $62.15 on Tuesday. The stock has a fifty day moving average of $64.17 and a 200-day moving average of $53.53. The company has a market capitalization of $38.47 billion, a P/E ratio of -42.86 and a beta of 1.46. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. 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 (NYSE:RBLX) last posted its quarterly earnings data 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 net margin of 25.97% and a negative return on equity of 665.98%. On average, equities analysts expect that Roblox Co. will post -1.49 EPS 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.