Roblox Co. (NYSE:RBLX) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its position in shares of Roblox Co. (NYSE:RBLX) by 3,850.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 58,579 shares of the company’s stock after purchasing an additional 57,096 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Roblox were worth $2,180,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RBLX. PARK CIRCLE Co acquired a new position in shares of Roblox during the second quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox during the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC raised its position in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares in the last quarter. Washington Trust Advisors Inc. acquired a new stake in shares of Roblox in the 1st quarter worth approximately $39,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Roblox by 98.9% in 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 during the period. Institutional investors own 91.08% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Macquarie upped their price objective on Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Benchmark lifted their target price on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Roth Mkm increased their target price on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.40.

Roblox Stock Down 0.6 %

Roblox stock opened at $46.03 on Monday. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.49. 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 firm has a market cap of $27.22 billion, a PE ratio of -24.75 and a beta of 1.60. The firm’s 50 day moving average price is $41.83 and its two-hundred day moving average price is $38.36.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) EPS 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 firm had revenue of $893.50 million for the quarter, compared to the consensus estimate of $897.88 million. During the same quarter in the previous year, the company posted ($0.46) earnings per share. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. On average, research analysts predict that Roblox Co. will post -1.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the sale, the insider now directly owns 342,656 shares of the company’s stock, valued at $13,706,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David Baszucki sold 166,666 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $45.56, for a total value of $7,593,302.96. Following the completion of the sale, the chief executive officer now directly owns 135,755 shares in the company, valued at approximately $6,184,997.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the sale, the insider now owns 342,656 shares of the company’s stock, valued at $13,706,240. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 775,341 shares of company stock worth $33,004,226. Insiders own 22.15% of the company’s stock.

About Roblox

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.