Proficio Capital Partners LLC Acquires New Stake in Roblox Co. (NYSE:RBLX)

Proficio Capital Partners LLC acquired a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 111,554 shares of the company’s stock, valued at approximately $6,455,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Ieq Capital LLC increased its stake in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. State Street Corp increased its stake in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. increased its stake in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after purchasing an additional 408,915 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Transactions at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the transaction, the insider now directly owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares in the company, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 916,367 shares of company stock worth $59,700,949 over the last three months. 22.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. HSBC assumed coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target on the stock. Raymond James reiterated a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Roth Mkm upped their price target on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Citigroup increased their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Needham & Company LLC increased their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Price Performance

Shares of NYSE:RBLX opened at $56.51 on Monday. The firm has a 50 day simple moving average of $63.91 and a 200 day simple moving average of $54.47. The company has a market cap of $34.98 billion, a price-to-earnings ratio of -38.97 and a beta of 1.49. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

About Roblox

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.