SteelPeak Wealth LLC Has $299,000 Stake in Roblox Co. (NYSE:RBLX)

SteelPeak Wealth LLC lowered its stake in shares of Roblox Co. (NYSE:RBLX) by 24.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,166 shares of the company’s stock after selling 1,665 shares during the period. SteelPeak Wealth LLC’s holdings in Roblox were worth $299,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Roblox in the 3rd quarter valued at approximately $27,000. Frazier Financial Advisors LLC raised its stake in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its position in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the period. GAMMA Investing LLC boosted its stake in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares in the last quarter. Finally, Huntington National Bank increased its holdings in Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after buying an additional 770 shares during the period. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the topic of several recent research reports. Barclays lifted their target price on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. BTIG Research increased their target price on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price target on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. CICC Research started coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating for the company. Finally, Citigroup boosted their target price on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $59.14.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00. Following the completion of the sale, the insider now directly owns 281,161 shares of the company’s stock, valued at $18,525,698.29. This represents a 7.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the transaction, the director now directly owns 6,254,137 shares in the company, valued at $406,769,070.48. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,207,812 shares of company stock valued at $69,509,773. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of RBLX stock opened at $71.39 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $71.77. The firm has a market cap of $43.37 billion, a price-to-earnings ratio of -43.53 and a beta of 1.43. The stock has a 50-day moving average price of $59.90 and a 200 day moving average price of $49.36.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company earned ($0.45) EPS. Roblox’s revenue was up 9.5% on a year-over-year basis. Research analysts expect that Roblox Co. will post -1.56 EPS 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.