Brighton Jones LLC Invests $283,000 in Roblox Corporation (NYSE:RBLX)

Brighton Jones LLC bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 4,855 shares of the company's stock, valued at approximately $283,000.

Other large investors also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd grew its stake in shares of Roblox by 74.8% in the 4th 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 during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Roblox in the 1st quarter valued at about $39,000. Colonial Trust Co SC acquired a new stake in shares of Roblox in the 4th quarter valued at about $41,000. Parkside Financial Bank & Trust grew its stake in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares during the period. Finally, Rakuten Securities Inc. grew its stake in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

Shares of NYSE RBLX traded down $0.51 during midday trading on Friday, reaching $102.14. The company's stock had a trading volume of 9,953,279 shares, compared to its average volume of 7,976,520. Roblox Corporation has a 12-month low of $34.62 and a 12-month high of $103.57. The firm has a 50 day moving average price of $79.58 and a 200-day moving average price of $67.66. The stock has a market capitalization of $69.28 billion, a P/E 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.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned ($0.43) earnings per share. Roblox's revenue for the quarter was up 30.6% on a year-over-year basis. As a group, equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the sale, the insider now owns 364,244 shares of the company's stock, valued at $21,122,509.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at $11,649,667.84. The trade was a 50.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,417,995 shares of company stock worth $553,295,933. Insiders own 12.92% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RBLX. Bank of America raised their target price on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Citigroup reissued an "overweight" rating on shares of Roblox in a report on Monday, June 16th. Benchmark boosted their price objective on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. FBN Securities initiated coverage on Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective for the company. Finally, Oppenheimer reissued an "outperform" rating and set a $125.00 price objective (up from $80.00) on shares of Roblox in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.04.

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.