Future Financial Wealth Managment LLC Invests $52,000 in Roblox Co. (NYSE:RBLX)

Future Financial Wealth Managment LLC bought a new position in Roblox Co. (NYSE:RBLX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,375 shares of the company’s stock, valued at approximately $52,000.

A number of other large investors have also bought and sold shares of RBLX. Vanguard Group Inc. boosted its stake in Roblox by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 46,264,280 shares of the company’s stock worth $2,115,203,000 after purchasing an additional 1,671,272 shares in the last quarter. Morgan Stanley grew its holdings in Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after acquiring an additional 4,927,848 shares during the last quarter. Ieq Capital LLC increased its position in Roblox by 6.3% in the 4th quarter. Ieq Capital LLC now owns 9,725,211 shares of the company’s stock valued at $444,637,000 after acquiring an additional 573,463 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Roblox by 195.1% in the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock worth $357,043,000 after acquiring an additional 5,162,833 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Roblox during the fourth quarter worth approximately $216,194,000. 91.08% of the stock is currently owned by institutional investors.

Roblox Trading Up 4.2 %

Shares of RBLX opened at $36.91 on Thursday. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm’s 50 day moving average price is $34.94 and its two-hundred day moving average price is $38.81.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.10. The business had revenue of $923.76 million for the quarter, compared to analysts’ expectations of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.44) EPS. As a group, research analysts forecast that Roblox Co. will post -1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of several research analyst reports. Moffett Nathanson upgraded shares of Roblox from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $31.00 to $26.00 in a research report on Friday, May 10th. Roth Capital cut Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. Roth Mkm reiterated a “neutral” rating and issued a $35.00 price objective (down from $55.00) on shares of Roblox in a research report on Tuesday, May 14th. BTIG Research cut their target price on shares of Roblox from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price target on shares of Roblox in a research report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.14.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the sale, the insider now owns 359,453 shares of the company’s stock, valued at approximately $13,188,330.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total transaction of $146,760.00. Following the completion of the transaction, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 900 shares of Roblox stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $35.00, for a total transaction of $31,500.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at $13,112,155. The disclosure for this sale can be found here. Insiders sold 401,221 shares of company stock valued at $14,252,675 over the last three months. Company insiders own 22.15% of the company’s stock.

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.