40,902 Shares in Roblox Co. (NYSE:RBLX) Bought by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,902 shares of the company’s stock, valued at approximately $1,870,000.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in Roblox during the fourth quarter worth $25,000. Blue Trust Inc. lifted its position in shares of Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after buying an additional 912 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Roblox by 90.2% in the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after buying an additional 587 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Roblox during the 4th quarter valued at about $58,000. Finally, Principal Securities Inc. acquired a new stake in Roblox during the fourth quarter worth about $59,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Michael Guthrie sold 900 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total value of $31,500.00. Following the transaction, the chief financial officer now owns 374,633 shares in the company, valued at approximately $13,112,155. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Michael Guthrie sold 900 shares of the business’s 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 transaction, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $13,112,155. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Baszucki sold 100,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $38.31, for a total value of $3,831,000.00. Following the sale, the chief executive officer now owns 148,845 shares of the company’s stock, valued at $5,702,251.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,221 shares of company stock valued at $14,729,385. Corporate insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RBLX shares. BTIG Research decreased their target price on Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Piper Sandler restated an “overweight” rating and set a $40.00 price objective (down previously from $56.00) on shares of Roblox in a research report on Friday, May 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 target price on shares of Roblox in a research report on Monday, April 22nd. Morgan Stanley reduced their price target on shares of Roblox from $42.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Finally, Benchmark dropped their price objective on shares of Roblox from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Seven investment 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 stock. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price of $42.14.

Roblox Price Performance

RBLX stock opened at $37.06 on Tuesday. The firm has a 50-day moving average of $35.05 and a two-hundred day moving average of $38.67. The firm has a market capitalization of $21.91 billion, a PE ratio of -19.92 and a beta of 1.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a one year low of $24.88 and a one year high of $47.20.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. The firm 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 company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.44) EPS. On average, analysts forecast that Roblox Co. will post -1.67 earnings per share for the current year.

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.