NewSquare Capital LLC Acquires 5,981 Shares of Roblox Co. (NYSE:RBLX)

NewSquare Capital LLC raised its stake in Roblox Co. (NYSE:RBLX) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,056 shares of the company’s stock after buying an additional 5,981 shares during the quarter. NewSquare Capital LLC’s holdings in Roblox were worth $6,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ValueAct Holdings L.P. lifted its position in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares in the last quarter. FMR LLC raised its stake in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the period. Ieq Capital LLC lifted its holdings in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Roblox during the third quarter worth about $107,491,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Roblox by 32.9% during the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock worth $259,576,000 after buying an additional 1,452,900 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity at Roblox

In related news, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the sale, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 333,334 shares of Roblox stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the transaction, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at $7,409,896.45. This represents a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,136,535 shares of company stock worth $70,589,814. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Up 1.0 %

Shares of RBLX stock opened at $62.83 on Wednesday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a market capitalization of $38.89 billion, a PE ratio of -43.33 and a beta of 1.46. The firm has a 50 day moving average price of $64.23 and a two-hundred day moving average price of $53.69. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays cut their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Raymond James reissued a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research report on Friday, November 22nd. Finally, OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

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.