Haven Private LLC Buys Shares of 18,859 Roblox Co. (NYSE:RBLX)

Haven Private LLC purchased a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, Holdings Channel reports. The firm purchased 18,859 shares of the company’s stock, valued at approximately $1,091,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in Roblox by 24.5% in 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 period. Ieq Capital LLC lifted its position in 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 buying an additional 3,507,901 shares in the last quarter. State Street Corp raised its holdings in shares of Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after purchasing an additional 240,565 shares during the period. ValueAct Holdings L.P. raised its holdings in shares of 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 purchasing an additional 7,835,921 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after purchasing an additional 408,915 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the sale, the chief financial officer now directly owns 417,079 shares of the company’s stock, valued at $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 138,555 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares in the company, valued at approximately $9,260,537.62. This trade represents a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RBLX shares. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. Macquarie increased their price target on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company increased their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. 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 analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Price Performance

RBLX stock opened at $58.45 on Friday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a fifty day moving average price of $64.28 and a 200-day moving average price of $53.79. The company has a market capitalization of $36.18 billion, a P/E ratio of -40.31 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

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