Coldstream Capital Management Inc. Buys New Shares in Roblox Co. (NYSE:RBLX)

Coldstream Capital Management Inc. bought a new position in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,612 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also recently added to or reduced their stakes in RBLX. World Investment Advisors LLC bought a new stake in shares of Roblox in the 3rd quarter valued at about $204,000. Wilmington Savings Fund Society FSB acquired a new position in Roblox during the third quarter worth approximately $533,000. Versant Capital Management Inc raised its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the period. GAMMA Investing LLC lifted its position in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Roblox during the 4th quarter worth approximately $927,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Up 7.5 %

RBLX stock opened at $74.19 on Friday. The stock has a market capitalization of $46.63 billion, a P/E ratio of -51.17 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a 50-day moving average price of $59.73 and a 200-day moving average price of $58.37. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted ($0.43) earnings per share. The company’s quarterly revenue was up 30.6% on a year-over-year basis. As a group, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 19,525 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,287,478.50. Following the completion of the sale, the insider now directly owns 339,206 shares in the company, valued at $22,367,243.64. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now directly owns 417,079 shares in the company, valued at $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 764,399 shares of company stock worth $45,431,661. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RBLX. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Morgan Stanley dropped their price target on Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average target price of $67.27.

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.