Maia Wealth LLC Purchases Shares of 14,772 Roblox Co. (NYSE:RBLX)

Maia Wealth LLC bought a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,772 shares of the company’s stock, valued at approximately $855,000.

Several other institutional investors and hedge funds have also modified their holdings of RBLX. Toronto Dominion Bank raised its position in Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC grew its stake in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after buying an additional 62,390 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Roblox during the 4th quarter valued at $363,000. Entropy Technologies LP raised its holdings in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after acquiring an additional 62,521 shares during the last quarter. Finally, Silicon Valley Capital Partners boosted its position in shares of Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after buying an additional 66,882 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent analyst reports. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Piper Sandler restated an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Raymond James reiterated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Finally, Macquarie increased their price objective on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $51.19, for a total transaction of $1,279,750.00. Following the completion of the transaction, the director now owns 5,706,695 shares in the company, valued at $292,125,717.05. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,160,553 shares of company stock valued at $71,809,407. 22.15% of the stock is owned by insiders.

Roblox Stock Performance

NYSE RBLX opened at $63.53 on Friday. The stock has a 50-day moving average of $64.11 and a two-hundred day moving average of $53.28. The company has a market cap of $39.33 billion, a P/E ratio of -43.82 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74.

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

Roblox 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.