Sivia Capital Partners LLC Buys New Stake in Roblox Co. (NYSE:RBLX)

Sivia Capital Partners LLC bought a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,637 shares of the company's stock, valued at approximately $445,000.

Other institutional investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd grew its stake in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Roblox during the first quarter valued at $39,000. Colonial Trust Co SC purchased a new position in Roblox during the fourth quarter valued at $41,000. Parkside Financial Bank & Trust grew its stake in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Finally, Rakuten Securities Inc. grew its stake in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Roblox stock opened at $95.80 on Friday. Roblox Co. has a 12-month low of $34.41 and a 12-month high of $96.28. The firm has a 50-day moving average price of $70.97 and a 200-day moving average price of $64.34. The firm has a market capitalization of $64.98 billion, a PE ratio of -66.07 and a beta of 1.56. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted ($0.43) EPS. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. As a group, equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several research reports. Roth Mkm increased their price objective on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Barclays increased their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. BMO Capital Markets reiterated an "outperform" rating and set a $95.00 price objective (up previously from $82.00) on shares of Roblox in a research report on Friday, May 30th. The Goldman Sachs Group increased their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, Canaccord Genuity Group increased their price objective on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.91.

Insider Activity at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the sale, the insider now owns 364,244 shares in the company, valued at $21,122,509.56. This trade represents a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Manuel Bronstein sold 68,722 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $80.00, for a total transaction of $5,497,760.00. Following the transaction, the insider now directly owns 582,454 shares in the company, valued at $46,596,320. This trade represents a 10.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,354,101 shares of company stock worth $256,430,887 in the last 90 days. 12.92% of the stock is owned by corporate insiders.

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.

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