Drive Wealth Management LLC acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,126 shares of the company's stock, valued at approximately $241,000.
Several other large investors have also bought and sold shares of the company. MetLife Investment Management LLC lifted its position in shares of Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after acquiring an additional 161 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Roblox by 1.2% during the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after purchasing an additional 163 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Roblox by 0.3% in the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock valued at $4,518,000 after purchasing an additional 198 shares during the period. Signaturefd LLC increased its stake in Roblox by 3.8% in the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock worth $359,000 after purchasing an additional 225 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its stake in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 94.46% of the company's stock.
Roblox Stock Performance
Shares of NYSE:RBLX traded down $2.65 during trading on Tuesday, reaching $118.31. The stock had a trading volume of 4,906,802 shares, compared to its average volume of 8,615,971. The stock has a fifty day simple moving average of $101.47 and a two-hundred day simple moving average of $76.99. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a 52 week low of $35.30 and a 52 week high of $127.99. The firm has a market capitalization of $80.25 billion, a price-to-earnings ratio of -88.22 and a beta of 1.60.
Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The business's revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) EPS. As a group, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.
Analysts Set New Price Targets
RBLX has been the subject of a number of analyst reports. Wedbush raised their target price on shares of Roblox from $110.00 to $142.00 and gave the stock an "outperform" rating in a report on Friday. BTIG Research set a $131.00 price objective on shares of Roblox and gave the stock a "buy" rating in a research report on Monday. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and boosted their target price for the company from $81.00 to $130.00 in a research note on Wednesday, July 23rd. BMO Capital Markets raised their target price on Roblox from $95.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Macquarie increased their price objective on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and an average price target of $96.27.
Check Out Our Latest Stock Report on RBLX
Insider Activity at Roblox
In other Roblox news, CEO David Baszucki sold 139,507 shares of Roblox 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 transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $22,253,891.21. The trade was a 39.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $118.51, for a total value of $711,060.00. Following the transaction, the insider owned 307,223 shares of the company's stock, valued at approximately $36,408,997.73. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,651,690 shares of company stock worth $593,440,562 in the last 90 days. 12.92% of the stock is owned by company insiders.
Roblox Profile
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Free Report)
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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