5,162 Shares in Roblox Co. (NYSE:RBLX) Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,162 shares of the company’s stock, valued at approximately $236,000.

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

Insider Activity at Roblox

In other news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $36.06, for a total value of $1,081,800.00. Following the completion of the transaction, the chief financial officer now owns 396,709 shares in the company, valued at approximately $14,305,326.54. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Mark Reinstra sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the sale, the insider now owns 359,453 shares of the company’s stock, valued at approximately $13,188,330.57. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total value of $1,081,800.00. Following the transaction, the chief financial officer now owns 396,709 shares of the company’s stock, valued at $14,305,326.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 707,707 shares of company stock worth $29,526,367. 22.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Needham & Company LLC upped their target price on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Roth Mkm raised their price objective on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. The Goldman Sachs Group raised shares of Roblox from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $48.00 in a research report on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and set a $53.00 price target on shares of Roblox in a report on Monday. Finally, Wedbush upped 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. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus price target of $46.85.

Roblox Stock Down 1.1 %

NYSE:RBLX opened at $34.96 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The company has a fifty day moving average price of $39.15 and a 200 day moving average price of $38.97. Roblox Co. has a one year low of $24.88 and a one year high of $47.20.

Roblox (NYSE:RBLX) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned ($0.48) earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. As a group, equities research analysts anticipate that Roblox Co. will post -2.1 EPS for the current year.

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.