Everence Capital Management Inc. Buys Shares of 16,030 Roblox Co. (NYSE:RBLX)

Everence Capital Management Inc. purchased a new position in Roblox Co. (NYSE:RBLX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 16,030 shares of the company’s stock, valued at approximately $927,000.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Roblox by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 97,959 shares of the company’s stock valued at $3,645,000 after purchasing an additional 1,701 shares during the period. CIBC Asset Management Inc raised its position in shares of Roblox by 35.6% in the second quarter. CIBC Asset Management Inc now owns 19,286 shares of the company’s stock worth $718,000 after buying an additional 5,059 shares in the last quarter. Rhumbline Advisers boosted its stake in Roblox by 1.1% during the second quarter. Rhumbline Advisers now owns 666,372 shares of the company’s stock valued at $24,796,000 after buying an additional 7,102 shares during the period. Arizona State Retirement System boosted its stake in Roblox by 9.6% during the second quarter. Arizona State Retirement System now owns 129,918 shares of the company’s stock valued at $4,834,000 after buying an additional 11,423 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in Roblox in the 2nd quarter worth about $33,000. 94.46% of the stock is currently owned by institutional investors.

Roblox Price Performance

Shares of Roblox stock opened at $60.47 on Friday. The firm has a market cap of $36.74 billion, a PE ratio of -36.87 and a beta of 1.50. The company’s fifty day simple moving average is $54.39 and its two-hundred day simple moving average is $45.79. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $61.77.

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

Analyst Ratings Changes

RBLX has been the subject of a number of research analyst reports. HSBC began coverage on Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target for the company. Wedbush reissued an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research note on Friday, October 25th. Macquarie increased their price target on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Insider Activity at Roblox

In related news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $41.50, for a total value of $1,245,000.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at $14,643,026. This represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 that occurred on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now directly owns 278,161 shares in the company, valued at approximately $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,284,601 shares of company stock worth $66,867,735 over the last quarter. 22.15% of the stock is owned by corporate insiders.

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.