Regal Investment Advisors LLC Invests $258,000 in Roblox Co. (NYSE:RBLX)

Regal Investment Advisors LLC purchased a new position in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,457 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its stake in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust raised its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Finally, Yousif Capital Management LLC grew its position in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after buying an additional 245 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Activity at Roblox

In other news, CAO Amy Marie Rawlings sold 4,468 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the sale, the chief accounting officer now owns 75,583 shares of the company’s stock, valued at $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00. Following the completion of the sale, the insider now owns 281,161 shares in the company, valued at approximately $18,525,698.29. The trade was a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 926,954 shares of company stock worth $56,936,331. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Up 1.1 %

Roblox stock opened at $59.76 on Friday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a market cap of $37.56 billion, a PE ratio of -41.22 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The business’s 50-day simple moving average is $59.41 and its two-hundred day simple moving average is $56.57.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) 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%. Equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RBLX. Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Barclays reduced their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. FBN Securities started coverage on shares of Roblox in a research note on Friday, March 28th. They set a “sector perform” rating and a $65.00 price objective on the stock. Piper Sandler reissued an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Citigroup increased their target price on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

About Roblox

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.