Wedbush Securities Inc. Takes Position in Roblox Co. (NYSE:RBLX)

Wedbush Securities Inc. purchased a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, Holdings Channel reports. The fund purchased 6,175 shares of the company’s stock, valued at approximately $357,000.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc increased its holdings in 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 purchasing an additional 239 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in 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 purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. increased its holdings in 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 purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the firm’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 transaction, the chief accounting officer now owns 75,528 shares in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,232,833 shares of company stock valued at $76,827,466. Insiders own 22.15% of the company’s stock.

Roblox Stock Performance

RBLX opened at $56.89 on Thursday. The stock has a market cap of $35.75 billion, a price-to-earnings ratio of -39.23 and a beta of 1.49. The business has a 50 day moving average of $60.82 and a 200-day moving average of $56.13. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings results 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%. On average, equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on RBLX shares. FBN Securities began coverage on Roblox in a report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price objective for the company. CICC Research began coverage on Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. HSBC began coverage on Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target for the company. Barclays lowered their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, Macquarie increased their price target on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.95.

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.