Creative Planning Has $6.12 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Creative Planning boosted its holdings in shares of Roblox Co. (NYSE:RBLX) by 6.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 138,247 shares of the company’s stock after buying an additional 8,097 shares during the period. Creative Planning’s holdings in Roblox were worth $6,119,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PARK CIRCLE Co acquired a new position in shares of Roblox in the 2nd quarter valued at about $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox in the 2nd quarter valued at approximately $33,000. Gilliland Jeter Wealth Management LLC increased its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares during the period. Washington Trust Advisors Inc. purchased a new stake in Roblox in the 1st quarter worth approximately $39,000. Finally, GAMMA Investing LLC boosted its stake in shares of Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after buying an additional 530 shares during the period. 91.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the completion of the transaction, the chief financial officer now owns 352,844 shares of the company’s stock, valued at $14,643,026. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.50, for a total value of $1,245,000.00. Following the completion of the transaction, the chief financial officer now owns 352,844 shares in the company, valued at approximately $14,643,026. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 17,000 shares of Roblox stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $40.47, for a total transaction of $687,990.00. Following the sale, the insider now owns 342,656 shares in the company, valued at approximately $13,867,288.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 612,673 shares of company stock valued at $26,805,956 over the last three months. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Down 0.3 %

Shares of RBLX stock opened at $41.15 on Thursday. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $48.43. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The firm has a market cap of $24.33 billion, a PE ratio of -22.12 and a beta of 1.60. The stock has a 50 day moving average of $43.19 and a 200-day moving average of $39.01.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. During the same period in the prior year, the firm earned ($0.46) EPS. The business’s revenue was up 31.2% on a year-over-year basis. On average, equities analysts predict that Roblox Co. will post -1.58 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup lifted their price objective on Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price target on Roblox from $46.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Wolfe Research started coverage on Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Needham & Company LLC lifted their target price on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Roblox from $50.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $46.29.

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.