National Bank of Canada FI Boosts Position in Roblox Co. (NYSE:RBLX)

National Bank of Canada FI lifted its position in Roblox Co. (NYSE:RBLX - Free Report) by 4,011.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 382,024 shares of the company's stock after buying an additional 372,732 shares during the quarter. National Bank of Canada FI owned about 0.07% of Roblox worth $16,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of RBLX. Allspring Global Investments Holdings LLC acquired a new position in shares of Roblox in the fourth quarter valued at $25,000. Blue Trust Inc. lifted its stake in Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock worth $49,000 after purchasing an additional 912 shares during the period. Allworth Financial LP boosted its holdings in Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company's stock valued at $57,000 after purchasing an additional 587 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Roblox in the 4th quarter valued at approximately $58,000. Finally, Lindbrook Capital LLC raised its holdings in shares of Roblox by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company's stock worth $75,000 after buying an additional 700 shares in the last quarter. Institutional investors own 91.08% of the company's stock.

Roblox Stock Down 3.7 %

RBLX stock traded down $1.52 during trading hours on Wednesday, reaching $39.02. 8,561,418 shares of the stock were exchanged, compared to its average volume of 7,406,328. The company has a market cap of $24.65 billion, a price-to-earnings ratio of -20.99 and a beta of 1.63. The firm's 50-day moving average is $38.03 and its 200-day moving average is $39.45. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the previous year, the business posted ($0.48) EPS. The business's quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts expect that Roblox Co. will post -2.09 earnings per share for the current year.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 3,777 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $35.08, for a total transaction of $456,040.00. Following the completion of the transaction, the director now directly owns 9,747,603 shares in the company, valued at approximately $341,945,913.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the transaction, the chief accounting officer now directly owns 96,125 shares of the company's stock, valued at $3,906,520. The disclosure for this sale can be found here. Insiders have sold a total of 712,374 shares of company stock valued at $29,639,338 over the last 90 days. 22.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on Roblox from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. Barclays upgraded shares of Roblox from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Wedbush raised their price objective on shares of Roblox from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Benchmark restated a "buy" rating and set a $50.00 price target on shares of Roblox in a research report on Tuesday, April 23rd. Finally, Roth Mkm restated a "buy" rating and set a $55.00 target price on shares of Roblox in a report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.60.

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.