Cerity Partners LLC Invests $774,000 in Roblox Co. (NYSE:RBLX)

Cerity Partners LLC bought a new position in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,920 shares of the company’s stock, valued at approximately $774,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RBLX. Allspring Global Investments Holdings LLC bought a new position in shares of Roblox in the fourth quarter worth approximately $25,000. Blue Trust Inc. lifted its stake in shares of Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after buying an additional 912 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Roblox by 90.2% in the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after buying an additional 587 shares in the last quarter. Impact Partnership Wealth LLC lifted its position in Roblox by 23.4% during the third quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock valued at $62,000 after purchasing an additional 403 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Roblox by 1,058.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,614 shares of the company’s stock valued at $105,000 after purchasing an additional 3,302 shares during the period. Institutional investors own 91.08% of the company’s stock.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 200,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $44.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the transaction, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at $3,906,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 200,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $44.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 707,707 shares of company stock valued at $29,526,367. Corporate insiders own 27.67% of the company’s stock.

Roblox Stock Performance

Shares of NYSE RBLX opened at $34.96 on Tuesday. The firm has a fifty day moving average price of $39.15 and a 200-day moving average price of $38.97. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $20.66 billion, a PE ratio of -18.70 and a beta of 1.63. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.48) earnings per share. Equities analysts anticipate that Roblox Co. will post -2.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RBLX. The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. BMO Capital Markets increased their price objective on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Benchmark restated a “buy” rating and set a $46.00 price objective on shares of Roblox in a research report on Tuesday, January 23rd. Wedbush increased their price objective on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Roth Mkm increased their price objective on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.85.

Roblox Company 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.