Roblox Corporation (NYSE:RBLX) Shares Purchased by Earned Wealth Advisors LLC

Key Points

• Earned Wealth Advisors LLC increased its stake in Roblox Corporation by 70% in the first quarter, owning a total of 7,383 shares valued at approximately $430,000.
• CEO David Baszucki sold 687,500 shares of Roblox stock, resulting in a significant decrease of 76.47% in his holding after the transaction.
• Roblox's stock is currently down 9.2% and has a market capitalization of $80.73 billion, despite reporting a 50.5% year-over-year revenue increase.

Earned Wealth Advisors LLC lifted its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 70.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,383 shares of the company's stock after buying an additional 3,040 shares during the period. Earned Wealth Advisors LLC's holdings in Roblox were worth $430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd raised its stake in shares of Roblox by 74.8% in the fourth 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. Larson Financial Group LLC raised its stake in shares of Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Roblox during the 1st quarter valued at $39,000. Colonial Trust Co SC bought a new stake in shares of Roblox during the 4th quarter valued at $41,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of Roblox during the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Price Performance

NYSE:RBLX traded up $7.17 during trading hours on Wednesday, reaching $134.28. The stock had a trading volume of 7,777,645 shares, compared to its average volume of 9,715,622. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a 52 week low of $36.07 and a 52 week high of $150.59. The company has a 50 day moving average price of $106.86 and a two-hundred day moving average price of $79.55. The stock has a market capitalization of $86.61 billion, a PE ratio of -93.90 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the business posted ($0.32) EPS. The company's revenue was up 50.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 139,507 shares of the business'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 owned 211,559 shares in the company, valued at approximately $22,253,891.21. The trade was a 39.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea L. Wong sold 5,770 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $130.40, for a total value of $752,408.00. Following the sale, the director owned 41,891 shares of the company's stock, valued at approximately $5,462,586.40. This represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,434,585 shares of company stock worth $516,227,822 over the last three months. Company insiders own 12.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on RBLX shares. Bank of America boosted their target price on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Needham & Company LLC upped their price objective on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Roth Mkm upped their price objective on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets upped their price objective on Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group upped their price objective on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus price target of $117.59.

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.