Integrated Advisors Network LLC Acquires Shares of 3,470 Roblox Co. (NYSE:RBLX)

Integrated Advisors Network LLC acquired a new position in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,470 shares of the company's stock, valued at approximately $201,000.

Several other large investors also recently bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd raised its position in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after buying an additional 240 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Roblox in the fourth quarter valued at approximately $41,000. Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the transaction, the insider now directly owns 364,244 shares of the company's stock, valued at approximately $21,122,509.56. This represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 6,391 shares of Roblox stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total value of $515,498.06. Following the transaction, the chief accounting officer now directly owns 73,931 shares in the company, valued at approximately $5,963,274.46. This trade represents a 7.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,532,039 shares of company stock valued at $177,792,818. 12.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on RBLX. Macquarie increased their price target on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Wells Fargo & Company increased their price target on Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Oppenheimer increased their price target on Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Finally, Citigroup reissued a "buy" rating and set a $100.00 target price (up previously from $85.00) on shares of Roblox in a research note on Thursday. 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.86.

Roblox Stock Up 2.6%

RBLX traded up $2.21 on Friday, hitting $87.00. 14,082,697 shares of the company were exchanged, compared to its average volume of 7,764,300. Roblox Co. has a twelve month low of $33.88 and a twelve month high of $87.16. The company has a market cap of $59.01 billion, a price-to-earnings ratio of -60.00 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a 50-day moving average price of $67.73 and a two-hundred day moving average price of $62.86.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the firm posted ($0.43) EPS. Roblox's revenue for the quarter was up 30.6% on a year-over-year basis. On average, equities analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

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.