IHT Wealth Management LLC Has $607,000 Stock Holdings in Roblox Co. (NYSE:RBLX)

IHT Wealth Management LLC increased its holdings in shares of Roblox Co. (NYSE:RBLXGet Rating) by 76.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,941 shares of the company’s stock after buying an additional 7,327 shares during the period. IHT Wealth Management LLC’s holdings in Roblox were worth $607,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RBLX. Renaissance Technologies LLC boosted its position in Roblox by 161.0% during the 2nd quarter. Renaissance Technologies LLC now owns 11,580,582 shares of the company’s stock worth $380,538,000 after buying an additional 7,143,300 shares during the period. Vanguard Group Inc. lifted its position in shares of Roblox by 29.2% in the 3rd quarter. Vanguard Group Inc. now owns 28,303,428 shares of the company’s stock worth $1,014,396,000 after purchasing an additional 6,396,902 shares during the period. State Street Corp lifted its position in shares of Roblox by 2,473.0% in the 2nd quarter. State Street Corp now owns 6,586,856 shares of the company’s stock worth $216,444,000 after purchasing an additional 6,330,861 shares during the period. Baillie Gifford & Co. lifted its position in shares of Roblox by 41.4% in the 3rd quarter. Baillie Gifford & Co. now owns 20,906,989 shares of the company’s stock worth $749,306,000 after purchasing an additional 6,123,973 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Roblox by 46.2% in the 3rd quarter. BlackRock Inc. now owns 18,567,578 shares of the company’s stock worth $665,464,000 after purchasing an additional 5,870,164 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Roblox from a “market perform” rating to an “underperform” rating and set a $24.00 price target on the stock. in a research report on Wednesday, December 21st. Benchmark upgraded shares of Roblox from a “sell” rating to a “hold” rating in a research report on Thursday, February 16th. DA Davidson boosted their price target on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Stifel Nicolaus dropped their target price on shares of Roblox from $44.00 to $40.00 in a research report on Tuesday, January 10th. Finally, Barclays boosted their target price on shares of Roblox from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, January 25th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Roblox presently has an average rating of “Hold” and a consensus target price of $37.75.

Roblox Stock Performance

NYSE RBLX opened at $43.69 on Friday. Roblox Co. has a 1 year low of $21.65 and a 1 year high of $53.88. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of -28.19 and a beta of 1.72. The company has a fifty day moving average price of $37.92 and a 200-day moving average price of $36.43.

Roblox (NYSE:RBLXGet Rating) last posted its earnings results on Wednesday, February 15th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.07. Roblox had a negative net margin of 41.54% and a negative return on equity of 200.01%. The firm had revenue of $899.40 million during the quarter, compared to analyst estimates of $884.71 million. During the same quarter in the prior year, the business posted ($0.25) EPS. The business’s revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts predict that Roblox Co. will post -1.86 EPS for the current fiscal year.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 550,000 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $38.14, for a total value of $20,977,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares in the company, valued at approximately $38.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO David Baszucki sold 550,000 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $38.14, for a total transaction of $20,977,000.00. Following the completion of the transaction, the chief executive officer now owns 1 shares in the company, valued at $38.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 3,178 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $37.85, for a total transaction of $120,287.30. Following the transaction, the chief accounting officer now owns 90,745 shares of the company’s stock, valued at approximately $3,434,698.25. The disclosure for this sale can be found here. Insiders sold a total of 617,378 shares of company stock worth $23,518,101 in the last quarter. 28.22% of the stock is currently owned by corporate insiders.

About Roblox

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

See Also

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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