HUB Investment Partners LLC Buys New Shares in Roblox Co. (NYSE:RBLX)

HUB Investment Partners LLC bought a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, Holdings Channel reports. The firm bought 3,587 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after buying an additional 633 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after buying an additional 1,355 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 24,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares in the company, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 34,099 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the sale, the chief executive officer now owns 221,983 shares of the company’s stock, valued at approximately $12,664,130.15. This represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 950,466 shares of company stock worth $61,646,297 over the last 90 days. Company insiders own 22.15% of the company’s stock.

Roblox Stock Up 5.7 %

Roblox stock opened at $61.21 on Friday. The business has a fifty day moving average of $63.54 and a two-hundred day moving average of $54.90. 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 firm has a market cap of $37.89 billion, a P/E ratio of -42.21 and a beta of 1.49. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RBLX shares. Needham & Company LLC boosted their target price on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Morgan Stanley boosted their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

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.