Roblox Co. (NYSE:RBLX) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,396 shares of the company’s stock after buying an additional 546 shares during the quarter. Ballentine Partners LLC’s holdings in Roblox were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in RBLX. Wellington Management Group LLP purchased a new stake in shares of Roblox during the 4th quarter valued at $1,870,000. B. Riley Wealth Advisors Inc. purchased a new stake in Roblox during the fourth quarter valued at about $233,000. Sunbelt Securities Inc. grew its position in Roblox by 77.6% during the first quarter. Sunbelt Securities Inc. now owns 2,289 shares of the company’s stock valued at $87,000 after acquiring an additional 1,000 shares during the period. SteelPeak Wealth LLC increased its stake in Roblox by 41.4% during the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock worth $423,000 after acquiring an additional 3,247 shares during the last quarter. Finally, Roberts Wealth Advisors LLC purchased a new position in shares of Roblox in the 1st quarter worth about $1,622,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on RBLX shares. BMO Capital Markets reissued an “outperform” rating and set a $56.00 target price on shares of Roblox in a research report on Tuesday, July 30th. Wedbush reiterated an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research note on Friday. Citigroup raised their target price on shares of Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. BTIG Research lifted their target price on shares of Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price target on Roblox from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.29.

Roblox Stock Up 0.9 %

Shares of Roblox stock opened at $42.14 on Friday. The business has a 50-day moving average price of $43.29 and a 200 day moving average price of $39.07. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $48.43. The firm has a market cap of $25.22 billion, a P/E ratio of -24.50 and a beta of 1.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. During the same period in the previous year, the business earned ($0.46) EPS. The business’s quarterly revenue was up 31.2% on a year-over-year basis. On average, sell-side analysts forecast that Roblox Co. will post -1.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the transaction, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 166,668 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at $5,722,073.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 779,341 shares of company stock valued at $33,831,012. Company insiders own 22.15% of the company’s stock.

Roblox Company 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.