Yousif Capital Management LLC Purchases Shares of 4,750 Roblox Co. (NYSE:RBLX)

Yousif Capital Management LLC purchased a new stake in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,750 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its stake in Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after acquiring an additional 320 shares during the last quarter. Independent Advisor Alliance lifted its stake in Roblox by 3.1% in the third quarter. Independent Advisor Alliance now owns 11,851 shares of the company’s stock valued at $343,000 after acquiring an additional 352 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Roblox by 9.3% during the 3rd quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after buying an additional 352 shares during the last quarter. Sepio Capital LP lifted its stake in shares of Roblox by 3.0% during the 3rd quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock worth $374,000 after buying an additional 382 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Roblox by 0.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after buying an additional 458 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Price Performance

RBLX stock opened at $40.11 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The firm has a market cap of $25.34 billion, a P/E ratio of -21.45 and a beta of 1.63. The company’s 50-day moving average price is $38.06 and its two-hundred day moving average price is $39.33.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion for 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%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.48) EPS. On average, analysts anticipate that Roblox Co. will post -2.09 earnings per share for the current fiscal year.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Daniel Sturman sold 7,762 shares of Roblox stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $315,447.68. Following the sale, the chief technology officer now owns 492,026 shares in the company, valued at $19,995,936.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 712,374 shares of company stock valued at $29,639,338. 22.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of research reports. Needham & Company LLC raised their target price 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. Stifel Nicolaus restated a “buy” rating and set a $53.00 target price on shares of Roblox in a research note on Monday, April 22nd. Wedbush raised their target price 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. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $48.00 in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

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.