21,337 Shares in Roblox Corporation (NYSE:RBLX) Bought by Clayton Financial Group LLC

Clayton Financial Group LLC bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,337 shares of the company's stock, valued at approximately $1,244,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its position in shares of Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after buying an additional 240 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after buying an additional 245 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays upped their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $105.00 price objective (up from $85.00) on shares of Roblox in a research note on Thursday, June 5th. Wells Fargo & Company upped their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $80.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. Finally, Wedbush reaffirmed a "hold" rating on shares of Roblox in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $78.04.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 221,983 shares in the company, valued at approximately $11,649,667.84. This trade represents a 50.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 21,200 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the completion of the sale, the director now owns 6,589,757 shares in the company, valued at approximately $404,413,387.09. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,789,321 shares of company stock worth $490,045,042 over the last 90 days. Insiders own 12.92% of the company's stock.

Roblox Stock Performance

RBLX stock traded up $1.49 during midday trading on Wednesday, hitting $102.61. 8,859,718 shares of the company traded hands, compared to its average volume of 7,954,394. Roblox Corporation has a twelve month low of $34.62 and a twelve month high of $103.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The business has a 50 day simple moving average of $77.75 and a 200-day simple moving average of $66.88. The stock has a market capitalization of $69.60 billion, a price-to-earnings ratio of -76.58 and a beta of 1.56.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted ($0.43) earnings per share. The company's revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

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.