Brighton Jones LLC Makes New $283,000 Investment in Roblox Corporation (NYSE:RBLX)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. Empowered Funds LLC lifted its holdings in shares of 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 acquiring an additional 1,936 shares in the last quarter. Principal Financial Group Inc. raised its position in Roblox by 53.9% in the fourth quarter. Principal Financial Group Inc. now owns 279,849 shares of the company's stock valued at $16,192,000 after purchasing an additional 98,041 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Roblox by 20.6% during the fourth quarter. Sanctuary Advisors LLC now owns 36,813 shares of the company's stock worth $2,130,000 after purchasing an additional 6,290 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Roblox by 14.4% during the fourth quarter. CIBC Asset Management Inc now owns 23,244 shares of the company's stock worth $1,345,000 after purchasing an additional 2,923 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Roblox by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 24,602 shares of the company's stock worth $1,423,000 after buying an additional 891 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction on Monday, May 5th. The stock was sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the sale, the chief executive officer now owns 221,983 shares of the company's stock, valued at $16,024,952.77. The trade was a 86.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Reinstra sold 150,000 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $99.75, for a total value of $14,962,500.00. Following the completion of the transaction, the insider now directly owns 389,489 shares of the company's stock, valued at approximately $38,851,527.75. The trade was a 27.80% 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 valued at $490,045,042 in the last quarter. Company insiders own 12.92% of the company's stock.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Oppenheimer reissued an "outperform" rating and set a $125.00 price target (up from $80.00) on shares of Roblox in a research report on Wednesday. Piper Sandler reissued an "overweight" rating and set a $105.00 target price (up from $85.00) on shares of Roblox in a research report on Thursday, June 5th. FBN Securities started coverage on shares of Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price for the company. Roth Mkm raised their price target on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $95.00 price objective (up previously from $82.00) on shares of Roblox in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $78.04.

Roblox Stock Performance

NYSE RBLX traded down $1.07 during trading hours on Friday, reaching $101.58. The company's stock had a trading volume of 2,604,119 shares, compared to its average volume of 7,933,911. The stock has a market cap of $68.90 billion, a PE ratio of -75.88 and a beta of 1.56. The business has a 50-day simple moving average of $78.68 and a 200 day simple moving average of $67.23. Roblox Corporation has a 52 week low of $34.62 and a 52 week high of $104.77. 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 released its quarterly earnings data 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. 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%. The business's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.43) EPS. Equities research analysts predict 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.