Fi3 FINANCIAL ADVISORS LLC acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,306 shares of the company's stock, valued at approximately $251,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. MetLife Investment Management LLC increased its position in shares of Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after buying an additional 161 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Roblox by 1.2% in the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after acquiring an additional 163 shares during the last quarter. Commerce Bank boosted its stake in shares of Roblox by 2.7% in the first quarter. Commerce Bank now owns 7,257 shares of the company's stock worth $423,000 after acquiring an additional 191 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Roblox by 0.3% in the first quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock worth $4,518,000 after acquiring an additional 198 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Roblox by 3.8% in the first quarter. Signaturefd LLC now owns 6,153 shares of the company's stock worth $359,000 after acquiring an additional 225 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Roblox
In other news, CEO David Baszucki sold 687,500 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $87.97, for a total value of $60,479,375.00. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $18,610,845.23. This represents a 76.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 5,428,815 shares of company stock valued at $515,475,414. Corporate insiders own 12.92% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on RBLX shares. BMO Capital Markets lifted their price target on Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley lifted their price target on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Piper Sandler lifted their price target on Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Roth Mkm lifted their price target on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price target on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.59.
Check Out Our Latest Analysis on RBLX
Roblox Stock Performance
Shares of Roblox stock opened at $127.09 on Wednesday. Roblox Corporation has a 52 week low of $36.07 and a 52 week high of $150.59. The business's fifty day simple moving average is $106.86 and its 200-day simple moving average is $79.55. The firm has a market cap of $81.98 billion, a PE ratio of -88.87 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.
Roblox (NYSE:RBLX - Get Free Report) last announced 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 net margin of 23.67% and a negative return on equity of 372.96%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned ($0.32) EPS. The business's revenue for the quarter was up 50.5% on a year-over-year basis. Equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.
About Roblox
(
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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