Roblox Corporation (NYSE:RBLX) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 69.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 194,969 shares of the company's stock after acquiring an additional 79,933 shares during the quarter. Cerity Partners LLC's holdings in Roblox were worth $11,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Roblox by 15.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock valued at $2,096,000 after buying an additional 4,760 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Roblox in the 1st quarter valued at about $890,000. IFM Investors Pty Ltd lifted its holdings in shares of Roblox by 7.2% in the 1st quarter. IFM Investors Pty Ltd now owns 92,118 shares of the company's stock valued at $5,370,000 after buying an additional 6,180 shares during the period. Azzad Asset Management Inc. ADV acquired a new position in shares of Roblox in the 1st quarter valued at about $280,000. Finally, NewSquare Capital LLC lifted its holdings in shares of Roblox by 2.7% in the 1st quarter. NewSquare Capital LLC now owns 115,121 shares of the company's stock valued at $6,710,000 after buying an additional 3,065 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Price Performance

NYSE:RBLX traded up $6.59 during trading hours on Wednesday, hitting $119.07. 15,275,536 shares of the stock were exchanged, compared to its average volume of 8,105,980. Roblox Corporation has a 52-week low of $35.30 and a 52-week high of $120.13. The firm's fifty day moving average price is $94.41 and its 200 day moving average price is $73.41. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. The company has a market cap of $80.76 billion, a P/E ratio of -88.86 and a beta of 1.60.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results 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 was up 30.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.43) earnings per share. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBLX has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Roth Mkm lifted their price target on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Morgan Stanley cut their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Macquarie lifted their price target on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group lifted their price target on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and a consensus price target of $86.68.

Insider Activity

In other news, CEO David Baszucki sold 139,507 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $105.19, for a total value of $14,674,741.33. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at $22,253,891.21. This represents a 39.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $103.89, for a total value of $6,856,740.00. Following the completion of the sale, the director owned 284,488 shares of the company's stock, valued at $29,555,458.32. This trade represents a 18.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,645,690 shares of company stock worth $592,729,502 over the last ninety days. Corporate insiders own 12.92% of the company's stock.

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.