Captrust Financial Advisors Buys 4,230 Shares of Roblox Co. (NYSE:RBLX)

Captrust Financial Advisors grew its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,710 shares of the company's stock after purchasing an additional 4,230 shares during the quarter. Captrust Financial Advisors' holdings in Roblox were worth $1,314,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RBLX. Bayesian Capital Management LP boosted its holdings in Roblox by 47.3% in the fourth quarter. Bayesian Capital Management LP now owns 73,200 shares of the company's stock valued at $4,235,000 after acquiring an additional 23,500 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Roblox by 35.2% in the fourth quarter. Ameriprise Financial Inc. now owns 460,217 shares of the company's stock valued at $26,629,000 after acquiring an additional 119,942 shares during the last quarter. Freestone Grove Partners LP acquired a new position in Roblox in the fourth quarter valued at $7,683,000. Voleon Capital Management LP acquired a new position in Roblox in the fourth quarter valued at $4,048,000. Finally, Utah Retirement Systems boosted its holdings in Roblox by 3.1% in the fourth quarter. Utah Retirement Systems now owns 87,116 shares of the company's stock valued at $5,041,000 after acquiring an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 13,600 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $79.45, for a total value of $1,080,520.00. Following the sale, the director now directly owns 294,708 shares of the company's stock, valued at approximately $23,414,550.60. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $11,649,667.84. This represents a 50.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,358,232 shares of company stock valued at $161,232,273 over the last three months. 22.15% of the stock is currently owned by insiders.

Roblox Stock Up 0.5%

Shares of RBLX traded up $0.44 during mid-day trading on Friday, reaching $81.21. The company's stock had a trading volume of 9,253,683 shares, compared to its average volume of 7,730,991. The business has a fifty day moving average of $62.73 and a 200 day moving average of $60.67. The company has a market cap of $51.16 billion, a price-to-earnings ratio of -56.00 and a beta of 1.46. Roblox Co. has a 1 year low of $31.59 and a 1 year high of $82.02. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned ($0.43) earnings per share. The company's revenue for the quarter was up 30.6% on a year-over-year basis. As a group, analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RBLX. Piper Sandler reiterated an "overweight" rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Oppenheimer raised their price objective on Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their target price on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Barclays lifted their target price on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus price target of $68.68.

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.