Clayton Financial Group LLC Purchases New Position in Roblox Corporation (NYSE:RBLX)

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

Several other institutional investors also recently made changes to their positions in the stock. Yousif Capital Management LLC grew its position in shares of Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares during the last quarter. Empowered Funds LLC boosted its stake in Roblox by 24.5% during the 4th quarter. Empowered Funds LLC now owns 9,825 shares of the company's stock valued at $568,000 after purchasing an additional 1,936 shares during the period. Asset Management One Co. Ltd. grew its position in Roblox by 3.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 172,644 shares of the company's stock worth $10,264,000 after purchasing an additional 5,044 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after purchasing an additional 1,971 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Roblox by 1.7% during the fourth quarter. Rhumbline Advisers now owns 748,575 shares of the company's stock valued at $43,312,000 after buying an additional 12,559 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RBLX has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Barclays boosted their price target on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. FBN Securities started coverage on Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target for the company. Wedbush reissued a "hold" rating on shares of Roblox in a report on Monday. Finally, BMO Capital Markets restated an "outperform" rating and set a $95.00 price objective (up from $82.00) on shares of Roblox in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.04.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $16,024,952.77. The trade was a 86.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 21,200 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total value of $1,301,044.00. Following the completion of the sale, the director now owns 6,589,757 shares of the company's stock, valued at $404,413,387.09. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,789,321 shares of company stock worth $490,045,042. Company insiders own 12.92% of the company's stock.

Roblox Price Performance

Shares of NYSE:RBLX traded down $0.51 on Friday, reaching $102.14. 9,831,857 shares of the company traded hands, compared to its average volume of 7,962,362. The stock has a market capitalization of $69.28 billion, a PE ratio of -76.22 and a beta of 1.56. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The company's 50 day moving average is $78.68 and its 200-day moving average is $67.23. Roblox Corporation has a fifty-two week low of $34.62 and a fifty-two week high of $104.77.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned ($0.43) earnings per share. Roblox's revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal 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.