Savant Capital LLC Makes New $2.75 Million Investment in Roblox Co. (NYSE:RBLX)

Savant Capital LLC acquired a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, Holdings Channel reports. The fund acquired 47,506 shares of the company’s stock, valued at approximately $2,749,000.

A number of other large investors also recently made changes to their positions in RBLX. Truist Financial Corp acquired a new stake in shares of Roblox in the second quarter worth approximately $559,000. Cetera Investment Advisers increased its holdings in Roblox by 4.4% in the 2nd quarter. Cetera Investment Advisers now owns 41,332 shares of the company’s stock valued at $1,538,000 after purchasing an additional 1,748 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after buying an additional 530 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in Roblox by 640.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,700 shares of the company’s stock valued at $164,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Creative Planning increased its stake in Roblox by 6.2% during the 3rd quarter. Creative Planning now owns 138,247 shares of the company’s stock worth $6,119,000 after buying an additional 8,097 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Activity

In other news, CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the completion of the transaction, the chief executive officer now directly owns 129,295 shares in the company, valued at $7,409,896.45. The trade was a 72.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,352,014 shares of company stock worth $80,360,389. 22.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays cut their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company increased their price target on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Raymond James reiterated a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their price target on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, Macquarie increased their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Stock Down 2.8 %

Shares of Roblox stock opened at $64.18 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market cap of $38.99 billion, a P/E ratio of -44.26 and a beta of 1.46. The stock has a 50-day moving average price of $63.17 and a 200 day moving average price of $51.20. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. As a group, analysts expect that Roblox Co. will post -1.4 EPS for the current fiscal 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.