Lindbrook Capital LLC Boosts Holdings in Roblox Co. (NYSE:RBLX)

Lindbrook Capital LLC grew its position in shares of Roblox Co. (NYSE:RBLX) by 74.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,637 shares of the company’s stock after purchasing an additional 700 shares during the period. Lindbrook Capital LLC’s holdings in Roblox were worth $75,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Roblox during the fourth quarter valued at approximately $25,000. Blue Trust Inc. raised its stake in shares of Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after purchasing an additional 912 shares during the period. Allworth Financial LP raised its stake in shares of Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after purchasing an additional 587 shares during the period. Rakuten Securities Inc. purchased a new stake in shares of Roblox during the fourth quarter valued at approximately $58,000. Finally, Impact Partnership Wealth LLC raised its stake in shares of 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. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

Shares of Roblox stock opened at $34.97 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The company’s 50-day moving average price is $38.84 and its two-hundred day moving average price is $38.99. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20.

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

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at approximately $44.15. The transaction was disclosed in a filing with the SEC, 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 dated Friday, February 9th. The stock was sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at approximately $44.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares in the company, valued at approximately $3,906,520. The disclosure for this sale can be found here. In the last quarter, insiders have sold 699,374 shares of company stock worth $29,183,298. Company insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Benchmark restated a “buy” rating and issued a $50.00 price target on shares of Roblox in a research note on Tuesday. Needham & Company LLC lifted their price target on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Finally, Wedbush lifted their price target on shares of Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

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.