Parkside Financial Bank & Trust Has $43,000 Holdings in Roblox Co. (NYSE:RBLX)

Parkside Financial Bank & Trust lifted its position in shares of Roblox Co. (NYSE:RBLX) by 44.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 747 shares of the company’s stock after acquiring an additional 230 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Roblox were worth $43,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Roblox in the fourth quarter valued at about $6,455,000. New York Life Investment Management LLC acquired a new stake in Roblox in the fourth quarter valued at $533,000. Allegiance Financial Group Advisory Services LLC acquired a new stake in Roblox during the 4th quarter valued at approximately $228,000. Los Angeles Capital Management LLC acquired a new position in Roblox in the fourth quarter valued at $21,323,000. Finally, Amalgamated Bank boosted its position in Roblox by 3.7% during the fourth quarter. Amalgamated Bank now owns 35,271 shares of the company’s stock valued at $2,041,000 after acquiring an additional 1,256 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Needham & Company LLC lifted their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Trading Down 2.3 %

NYSE:RBLX opened at $62.15 on Tuesday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a 50-day moving average price of $64.17 and a two-hundred day moving average price of $53.53. 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 firm has a market cap of $38.47 billion, a price-to-earnings ratio of -42.86 and a beta of 1.46.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, equities analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Baszucki sold 333,334 shares of Roblox stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the sale, the chief executive officer now owns 129,295 shares of the company’s stock, valued at approximately $7,409,896.45. This trade represents a 72.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Guthrie sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the sale, the chief financial officer now directly owns 331,187 shares in the company, valued at approximately $18,519,977.04. This trade represents a 23.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,136,535 shares of company stock valued at $70,589,814. 22.15% of the stock is owned by insiders.

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.