Roberts Wealth Advisors LLC Purchases Shares of 44,237 Roblox Co. (NYSE:RBLX)

Roberts Wealth Advisors LLC purchased a new stake in Roblox Co. (NYSE:RBLX) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 44,237 shares of the company’s stock, valued at approximately $1,622,000.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Roblox in the fourth quarter valued at $25,000. Blue Trust Inc. boosted its holdings in Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after purchasing an additional 912 shares during the last quarter. Allworth Financial LP boosted its holdings in Roblox by 90.2% in the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after purchasing an additional 587 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Roblox in the fourth quarter valued at $58,000. Finally, Principal Securities Inc. purchased a new stake in Roblox in the fourth quarter valued at $59,000. 91.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 3,910 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the sale, the chief accounting officer now owns 98,457 shares in the company, valued at approximately $3,205,759.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Amy Marie Rawlings sold 3,910 shares of Roblox stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total value of $127,309.60. Following the completion of the sale, the chief accounting officer now owns 98,457 shares in the company, valued at approximately $3,205,759.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $36.06, for a total transaction of $1,081,800.00. Following the completion of the sale, the chief financial officer now owns 396,709 shares of the company’s stock, valued at approximately $14,305,326.54. The disclosure for this sale can be found here. Insiders sold 414,221 shares of company stock worth $14,729,385 in the last 90 days. Insiders own 22.15% of the company’s stock.

Roblox Stock Down 0.0 %

Shares of NYSE RBLX opened at $37.21 on Monday. The company has a 50 day simple moving average of $35.01 and a 200-day simple moving average of $38.72. The company has a market capitalization of $22.00 billion, a P/E ratio of -20.01 and a beta of 1.59. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The business had revenue of $923.76 million during the quarter, compared to the consensus estimate of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.44) EPS. On average, equities research analysts predict that Roblox Co. will post -1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark lowered their target price on shares of Roblox from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. BMO Capital Markets reissued an “outperform” rating and set a $56.00 target price (down from $57.00) on shares of Roblox in a research note on Monday, May 13th. Wedbush lowered their target price on shares of Roblox from $56.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Canaccord Genuity Group lowered their target price on shares of Roblox from $56.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Needham & Company LLC lowered their target price on shares of Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.14.

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.