Gries Financial LLC Purchases New Position in Roblox Co. (NYSE:RBLX)

Gries Financial LLC acquired a new position in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,204 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds have also bought and sold shares of the business. Swedbank AB grew its position in shares of Roblox by 117.1% in the fourth quarter. Swedbank AB now owns 141,799 shares of the company’s stock valued at $8,204,000 after purchasing an additional 76,497 shares in the last quarter. Smith Group Asset Management LLC boosted its stake in Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Roblox by 0.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 807,075 shares of the company’s stock valued at $46,697,000 after buying an additional 2,587 shares in the last quarter. R Squared Ltd bought a new stake in shares of Roblox during the fourth quarter valued at about $84,000. Finally, KBC Group NV lifted its holdings in shares of Roblox by 15.0% in the fourth quarter. KBC Group NV now owns 74,332 shares of the company’s stock worth $4,300,000 after buying an additional 9,699 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Mark Reinstra sold 24,000 shares of the firm’s stock in a transaction on 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 owns 281,161 shares of the company’s stock, valued at $18,525,698.29. This trade represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,207,812 shares of company stock valued at $69,509,773 in the last quarter. Insiders own 22.15% of the company’s stock.

Roblox Stock Up 1.9 %

RBLX opened at $71.39 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $71.77. The stock’s 50 day simple moving average is $59.90 and its 200 day simple moving average is $49.36.

Roblox (NYSE:RBLX) last issued its 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned ($0.45) earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. CICC Research initiated coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Needham & Company LLC lifted their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. HSBC began coverage on Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target on the stock. Finally, Piper Sandler reissued an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday. Seven 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.14.

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.