8,630 Shares in Roblox Corporation (NYSE:RBLX) Acquired by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. purchased a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,630 shares of the company's stock, valued at approximately $503,000.

A number of other large investors have also recently bought and sold shares of RBLX. Forum Financial Management LP increased its position in shares of Roblox by 16.7% during the 1st quarter. Forum Financial Management LP now owns 4,504 shares of the company's stock worth $263,000 after purchasing an additional 643 shares in the last quarter. Parcion Private Wealth LLC acquired a new stake in shares of Roblox during the first quarter worth approximately $303,000. Victory Capital Management Inc. increased its holdings in shares of Roblox by 2.5% during the first quarter. Victory Capital Management Inc. now owns 164,787 shares of the company's stock worth $9,605,000 after buying an additional 3,971 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Roblox by 210.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock worth $189,840,000 after acquiring an additional 2,207,897 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 139,507 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $105.19, for a total value of $14,674,741.33. Following the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $22,253,891.21. The trade was a 39.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $103.89, for a total value of $6,856,740.00. Following the transaction, the director owned 284,488 shares of the company's stock, valued at approximately $29,555,458.32. This trade represents a 18.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,645,690 shares of company stock valued at $592,729,502 over the last quarter. Corporate insiders own 12.92% of the company's stock.

Roblox Stock Up 2.7%

NYSE:RBLX opened at $122.29 on Friday. Roblox Corporation has a 1 year low of $35.30 and a 1 year high of $123.50. The stock has a 50-day moving average price of $95.46 and a two-hundred day moving average price of $73.85. The stock has a market cap of $82.95 billion, a price-to-earnings ratio of -91.26 and a beta of 1.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RBLX shares. Wedbush raised Roblox to a "strong-buy" rating in a report on Tuesday, July 1st. Macquarie lifted their price target on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Piper Sandler reiterated an "overweight" rating and set a $105.00 price target (up previously from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Benchmark raised their price objective on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, BTIG Research boosted their target price on shares of Roblox from $73.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $86.68.

Roblox 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.

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