Wedmont Private Capital Has $921,000 Stock Position in Roblox Co. (NYSE:RBLX)

Wedmont Private Capital increased its position in Roblox Co. (NYSE:RBLX) by 37.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,076 shares of the company’s stock after purchasing an additional 4,376 shares during the quarter. Wedmont Private Capital’s holdings in Roblox were worth $921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners increased its position in Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares during the period. V Square Quantitative Management LLC increased its position in Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after purchasing an additional 1,971 shares during the period. Amundi increased its position in Roblox by 111.4% in the fourth quarter. Amundi now owns 3,191,137 shares of the company’s stock worth $198,010,000 after purchasing an additional 1,681,263 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Roblox by 101.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company’s stock worth $40,762,000 after purchasing an additional 355,270 shares during the period. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Roblox in the fourth quarter worth about $278,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In related news, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $58.79, for a total value of $2,939,500.00. Following the sale, the chief financial officer now owns 516,434 shares in the company, valued at approximately $30,361,154.86. This represents a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total value of $347,940.00. Following the completion of the sale, the insider now owns 364,244 shares in the company, valued at approximately $21,122,509.56. This trade represents a 1.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,354,101 shares of company stock worth $256,430,887 in the last 90 days. Corporate insiders own 12.92% of the company’s stock.

Roblox Trading Up 1.7%

NYSE:RBLX opened at $95.80 on Monday. Roblox Co. has a twelve month low of $34.41 and a twelve month high of $97.83. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The business has a 50 day moving average price of $70.97 and a two-hundred day moving average price of $64.44. The company has a market cap of $64.98 billion, a P/E ratio of -66.07 and a beta of 1.56.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business posted ($0.43) EPS. The business’s revenue was up 30.6% compared to the same quarter last year. As a group, analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RBLX shares. Piper Sandler restated an “overweight” rating and set a $105.00 target price (up from $85.00) on shares of Roblox in a research report on Thursday. Morgan Stanley decreased their target price on Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Wedbush restated an “outperform” rating and set a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. Oppenheimer boosted their target price on Roblox from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Finally, Roth Mkm boosted their target price on Roblox from $72.00 to $74.00 and gave the stock a “neutral” 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $74.91.

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.