SteelPeak Wealth LLC Has $299,000 Stock Position in Roblox Co. (NYSE:RBLX)

SteelPeak Wealth LLC lessened its stake in Roblox Co. (NYSE:RBLX) by 24.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,166 shares of the company’s stock after selling 1,665 shares during the quarter. SteelPeak Wealth LLC’s holdings in Roblox were worth $299,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RBLX. FMR LLC lifted its stake in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares in the last quarter. State Street Corp boosted its holdings in Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. grew its position in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Geode Capital Management LLC increased its stake in Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after buying an additional 408,915 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Roblox by 32.9% during the 3rd quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock worth $259,576,000 after buying an additional 1,452,900 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

NYSE:RBLX opened at $71.39 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $71.77. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $59.90 and its 200 day simple moving average is $49.36. The firm has a market cap of $43.37 billion, a price-to-earnings ratio of -43.53 and a beta of 1.43.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned ($0.45) earnings per share. As a group, sell-side analysts predict that Roblox Co. will post -1.56 earnings per share for the current year.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total transaction of $1,581,360.00. Following the sale, the insider now directly owns 281,161 shares of the company’s stock, valued at approximately $18,525,698.29. This trade represents a 7.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,207,812 shares of company stock valued at $69,509,773 over the last 90 days. 22.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on RBLX. Citigroup lifted their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Benchmark boosted their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. The Goldman Sachs Group boosted their price objective on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.14.

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.