Cypress Wealth Services LLC Makes New $2.37 Million Investment in Roblox Corporation $RBLX

Cypress Wealth Services LLC acquired a new stake in Roblox Corporation (NYSE:RBLX) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 29,280 shares of the company’s stock, valued at approximately $2,373,000.

A number of other institutional investors have also made changes to their positions in the business. Exchange Traded Concepts LLC boosted its holdings in Roblox by 2.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 275,294 shares of the company’s stock worth $22,307,000 after purchasing an additional 7,845 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Roblox by 53.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,807 shares of the company’s stock valued at $390,000 after buying an additional 1,683 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in Roblox by 57.1% in the 4th quarter. Wolff Wiese Magana LLC now owns 600 shares of the company’s stock valued at $49,000 after buying an additional 218 shares during the last quarter. Net Worth Advisory Group lifted its position in Roblox by 178.0% during the 4th quarter. Net Worth Advisory Group now owns 6,725 shares of the company’s stock worth $545,000 after buying an additional 4,306 shares in the last quarter. Finally, Willner & Heller LLC boosted its stake in shares of Roblox by 120.9% during the 4th quarter. Willner & Heller LLC now owns 3,435 shares of the company’s stock worth $278,000 after buying an additional 1,880 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

Shares of RBLX opened at $52.31 on Friday. The firm has a market capitalization of $34.61 billion, a PE ratio of -33.75 and a beta of 1.62. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The company’s 50-day moving average is $65.21 and its 200-day moving average is $92.43.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the company posted ($0.33) earnings per share. The business’s revenue was up 122.6% on a year-over-year basis. Equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RBLX. Canaccord Genuity Group decreased their price objective on Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Roth Mkm raised Roblox from a “neutral” rating to a “buy” rating and increased their price target for the company from $78.00 to $84.00 in a research report on Monday, February 9th. UBS Group set a $74.00 price target on Roblox in a research note on Friday, February 6th. Morgan Stanley lowered their price target on Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.88.

Insiders Place Their Bets

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 10,834 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $61.63, for a total value of $667,699.42. Following the transaction, the chief executive officer owned 800,539 shares in the company, valued at $49,337,218.57. The trade was a 1.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 636,248 shares of company stock worth $46,013,542 over the last three months. 12.92% of the stock is currently owned by corporate insiders.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.