Proficio Capital Partners LLC Makes New Investment in Roblox Co. (NYSE:RBLX)

Proficio Capital Partners LLC bought a new stake in Roblox Co. (NYSE:RBLX) in the fourth quarter, HoldingsChannel reports. The fund bought 111,554 shares of the company’s stock, valued at approximately $6,455,000.

A number of other large investors have also modified their holdings of the stock. Versant Capital Management Inc increased its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Frazier Financial Advisors LLC grew its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares in the last quarter. Huntington National Bank increased its position in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after acquiring an additional 770 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Roblox by 2,955.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after purchasing an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of RBLX opened at $62.15 on Tuesday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The firm has a fifty day moving average of $64.17 and a 200-day moving average of $53.53. The company has a market cap of $38.47 billion, a price-to-earnings ratio of -42.86 and a beta of 1.46.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, equities analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent analyst reports. CICC Research initiated coverage on Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Benchmark upped their price target on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a report on Friday, February 7th. Morgan Stanley raised their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. HSBC began coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price on the stock. Finally, Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Activity at Roblox

In other news, CFO Michael Guthrie sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $55.92, for a total value of $5,592,000.00. Following the completion of the sale, the chief financial officer now directly owns 331,187 shares of the company’s stock, valued at approximately $18,519,977.04. This represents a 23.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the transaction, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,136,535 shares of company stock worth $70,589,814 in the last three months. 22.15% of the stock is owned by company insiders.

About Roblox

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.