Vestmark Advisory Solutions Inc. Acquires Shares of 228,508 Roblox Co. (NYSE:RBLX)

Vestmark Advisory Solutions Inc. bought a new position in Roblox Co. (NYSE:RBLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 228,508 shares of the company’s stock, valued at approximately $10,447,000.

Several other institutional investors also recently bought and sold shares of RBLX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Roblox during the 4th quarter valued at about $25,000. Blue Trust Inc. raised its stake in shares of Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after buying an additional 912 shares during the period. Allworth Financial LP lifted its position in shares of Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after buying an additional 587 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Roblox in the 4th quarter valued at $58,000. Finally, Lindbrook Capital LLC increased its holdings in Roblox by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company’s stock worth $75,000 after acquiring an additional 700 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Trading Up 5.1 %

Shares of Roblox stock traded up $1.90 during trading hours on Friday, hitting $39.24. The company’s stock had a trading volume of 8,482,835 shares, compared to its average volume of 5,936,311. The firm has a fifty day moving average of $38.06 and a 200-day moving average of $39.21. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $24.79 billion, a price-to-earnings ratio of -20.98 and a beta of 1.63. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20.

Roblox (NYSE:RBLX) last announced its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. Roblox’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.48) earnings per share. Research analysts forecast that Roblox Co. will post -2.09 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on RBLX shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 price objective on shares of Roblox in a report on Monday, April 22nd. The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $41.00 to $48.00 in a research report on Tuesday, April 23rd. Finally, Roth Mkm restated a “buy” rating and issued a $55.00 price objective on shares of Roblox in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 12,531 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.75, for a total value of $510,638.25. Following the sale, the insider now owns 249,779 shares in the company, valued at approximately $10,178,494.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Roblox news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the completion of the transaction, the chief executive officer now owns 1 shares in the company, valued at $44.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 12,531 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total value of $510,638.25. Following the completion of the sale, the insider now owns 249,779 shares in the company, valued at $10,178,494.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 712,374 shares of company stock valued at $29,639,338. Company insiders own 22.15% of the company’s stock.

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.