Simplicity Solutions LLC Acquires 791 Shares of Roblox Co. (NYSE:RBLX)

Simplicity Solutions LLC lifted its position in shares of Roblox Co. (NYSE:RBLX) by 9.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,613 shares of the company’s stock after acquiring an additional 791 shares during the quarter. Simplicity Solutions LLC’s holdings in Roblox were worth $439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Roblox in the 4th quarter valued at about $25,000. Resurgent Financial Advisors LLC bought a new stake in shares of Roblox in the 4th quarter worth approximately $25,000. 1832 Asset Management L.P. bought a new stake in shares of Roblox in the 1st quarter worth approximately $32,000. Penserra Capital Management LLC bought a new stake in shares of Roblox in the 4th quarter worth approximately $43,000. Finally, High Net Worth Advisory Group LLC lifted its stake in shares of Roblox by 900.0% in the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock valued at $46,000 after purchasing an additional 900 shares during the period. Institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the subject of a number of recent research reports. Roth Mkm lifted their price objective on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Wedbush boosted their price target on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.00 to $46.00 in a research report on Thursday, February 8th. Finally, Benchmark reiterated a “buy” rating and issued a $46.00 target price on shares of Roblox in a research report on Tuesday, January 23rd. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average target price of $46.25.

Insider Buying and Selling at Roblox

In related news, Director Gregory Baszucki sold 8,333 shares of Roblox stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total transaction of $343,069.61. Following the transaction, the director now owns 9,786,603 shares in the company, valued at approximately $402,914,445.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $44.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory Baszucki sold 8,333 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $41.17, for a total transaction of $343,069.61. Following the completion of the transaction, the director now owns 9,786,603 shares of the company’s stock, valued at approximately $402,914,445.51. The disclosure for this sale can be found here. Insiders have sold a total of 707,707 shares of company stock worth $29,526,367 in the last quarter. 27.67% of the stock is owned by insiders.

Roblox Price Performance

RBLX stock opened at $35.55 on Friday. 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 firm has a 50 day moving average of $39.51 and a 200-day moving average of $38.75. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20.

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

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.