Smartleaf Asset Management LLC Buys 1,078 Shares of Roblox Co. (NYSE:RBLX)

Smartleaf Asset Management LLC raised its stake in shares of Roblox Co. (NYSE:RBLX) by 105.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,099 shares of the company’s stock after purchasing an additional 1,078 shares during the period. Smartleaf Asset Management LLC’s holdings in Roblox were worth $123,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of RBLX. Toronto Dominion Bank boosted its stake in shares of Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC boosted its stake in shares of Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after acquiring an additional 62,390 shares during the period. Chicago Partners Investment Group LLC bought a new position in shares of Roblox in the fourth quarter worth about $363,000. Entropy Technologies LP boosted its stake in shares of Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after acquiring an additional 62,521 shares during the period. Finally, Silicon Valley Capital Partners boosted its stake in shares of Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after acquiring an additional 66,882 shares during the period. Institutional investors own 94.46% of the company’s stock.

Insider Transactions 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 value of $60,157.32. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RBLX shares. Wells Fargo & Company upped their price objective on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Raymond James reissued a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Benchmark increased their price target on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price target for the company. One 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’s stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Trading Down 2.3 %

Shares of NYSE RBLX opened at $57.24 on Friday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The business’s 50 day moving average price is $64.28 and its 200-day moving average price is $53.79. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a market cap of $35.43 billion, a price-to-earnings ratio of -39.48 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued 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%. On average, sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

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.