Roblox Co. (NYSE:RBLX) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in Roblox Co. (NYSE:RBLX) by 22.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,697 shares of the company’s stock after purchasing an additional 1,206 shares during the period. ProShare Advisors LLC’s holdings in Roblox were worth $249,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RBLX. PARK CIRCLE Co acquired a new stake in Roblox in the 2nd quarter valued at about $30,000. Strategic Financial Concepts LLC purchased a new stake in shares of Roblox during the second quarter worth approximately $33,000. Gilliland Jeter Wealth Management LLC raised its holdings in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares in the last quarter. Washington Trust Advisors Inc. purchased a new position in Roblox in the first quarter worth approximately $39,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after acquiring an additional 548 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Roblox Trading Down 0.4 %

Shares of Roblox stock opened at $42.01 on Friday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $24.84 billion, a P/E ratio of -22.59 and a beta of 1.60. Roblox Co. has a 1 year low of $29.08 and a 1 year high of $48.43. The company’s fifty day moving average is $42.58 and its two-hundred day moving average is $38.65.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. The firm had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.46) earnings per share. Analysts forecast that Roblox Co. will post -1.59 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Arvind Chakravarthy sold 592 shares of Roblox stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total value of $25,645.44. Following the sale, the insider now owns 276,892 shares of the company’s stock, valued at $11,994,961.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the transaction, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 762,341 shares of company stock worth $32,788,526. 22.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RBLX. Macquarie raised their price objective on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their price objective on Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Jefferies Financial Group started coverage on Roblox in a report on Thursday, July 11th. They issued a “hold” rating and a $42.00 price objective on the stock. Finally, Needham & Company LLC boosted their target price on Roblox from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.81.

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.