D.A. Davidson & CO. Increases Stock Position in Roblox Co. (NYSE:RBLX)

D.A. Davidson & CO. increased its position in shares of Roblox Co. (NYSE:RBLX) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,602 shares of the company’s stock after buying an additional 891 shares during the quarter. D.A. Davidson & CO.’s holdings in Roblox were worth $1,423,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RBLX. Frazier Financial Advisors LLC boosted its holdings in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Huntington National Bank lifted its holdings in Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares in the last quarter. True Wealth Design LLC lifted its holdings in Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Roblox stock opened at $62.52 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The stock has a market cap of $38.70 billion, a P/E ratio of -43.11 and a beta of 1.46. The company has a 50-day moving average price of $64.04 and a 200 day moving average price of $52.45. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 333,334 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 of the company’s stock, valued at approximately $7,409,896.45. The trade was a 72.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,062,052 shares of company stock worth $65,611,500 over the last three months. Insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RBLX. Wedbush reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. BTIG Research increased their price objective on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Macquarie increased their target price on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

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.