SVB Wealth LLC Acquires New Stake in Roblox Co. (NYSE:RBLX)

SVB Wealth LLC acquired a new stake in shares of Roblox Co. (NYSE:RBLX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,445 shares of the company’s stock, valued at approximately $604,000.

A number of other large investors also recently bought and sold shares of RBLX. Simon Quick Advisors LLC grew its stake in Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust grew its stake 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 acquiring an additional 230 shares in the last quarter. Versant Capital Management Inc grew its stake in Roblox by 83.9% in 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 in the last quarter. Yousif Capital Management LLC grew its stake in Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after acquiring an additional 245 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In related news, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. The trade was a 0.48 % 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, CFO Michael Guthrie sold 100,000 shares of Roblox stock in a transaction dated Thursday, December 5th. The stock was 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 directly owns 331,187 shares of the company’s stock, valued at $18,519,977.04. This trade represents a 23.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,136,535 shares of company stock valued at $70,589,814. Insiders own 22.15% of the company’s stock.

Roblox Trading Down 2.3 %

NYSE RBLX opened at $62.15 on Tuesday. The company has a fifty day simple moving average of $64.17 and a two-hundred day simple moving average of $53.53. The stock has a market cap of $38.47 billion, a P/E ratio of -42.86 and a beta of 1.46. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

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

Analysts Set New Price Targets

RBLX has been the subject of a number of research reports. Macquarie upped their price objective 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. Barclays lowered 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 objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Needham & Company LLC upped 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. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

About Roblox

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.