Proficio Capital Partners LLC Acquires Shares of 111,554 Roblox Co. (NYSE:RBLX)

Proficio Capital Partners LLC bought a new position in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 111,554 shares of the company’s stock, valued at approximately $6,455,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. New York Life Investment Management LLC acquired a new position in Roblox during the fourth quarter worth $533,000. Allegiance Financial Group Advisory Services LLC acquired a new position in shares of Roblox during the 4th quarter worth $228,000. Los Angeles Capital Management LLC acquired a new position in shares of Roblox during the 4th quarter worth $21,323,000. Amalgamated Bank increased its holdings in shares of Roblox by 3.7% in the 4th quarter. Amalgamated Bank now owns 35,271 shares of the company’s stock valued at $2,041,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Roblox by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,736,556 shares of the company’s stock valued at $100,477,000 after purchasing an additional 9,481 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the completion of the sale, the chief financial officer now owns 331,187 shares of the company’s stock, valued at approximately $18,519,977.04. The trade was a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54. Following the sale, the chief executive officer now owns 129,295 shares of the company’s stock, valued at $7,409,896.45. This represents a 72.05 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Benchmark lifted their price objective on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, February 7th. CICC Research began coverage on Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Price Performance

Shares of NYSE:RBLX opened at $62.15 on Tuesday. The company has a market cap of $38.47 billion, a P/E ratio of -42.86 and a beta of 1.46. The business has a fifty day simple moving average of $64.17 and a 200-day simple moving average of $53.53. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. 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 (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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%. Equities research analysts forecast 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.