Montag A & Associates Inc. Purchases 24,852 Shares of Roblox Corporation (NYSE:RBLX)

Montag A & Associates Inc. boosted its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 1,193.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,934 shares of the company's stock after purchasing an additional 24,852 shares during the period. Montag A & Associates Inc.'s holdings in Roblox were worth $1,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RBLX. Thrivent Financial for Lutherans acquired a new position in Roblox during the 4th quarter worth $229,000. Harvest Fund Management Co. Ltd lifted its position in Roblox by 15,140.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,524 shares of the company's stock worth $88,000 after acquiring an additional 1,514 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in Roblox by 5.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 222,130 shares of the company's stock worth $12,852,000 after acquiring an additional 11,692 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Roblox during the 4th quarter worth about $259,000. Finally, HUB Investment Partners LLC bought a new position in shares of Roblox during the 4th quarter worth about $208,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research note on Friday, May 2nd. Roth Mkm increased their price objective on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Benchmark raised their target price on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on shares of Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company raised their target price on shares of Roblox from $78.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

Insider Activity

In other Roblox news, CEO David Baszucki sold 139,507 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were 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 approximately $22,253,891.21. This trade represents a 39.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $118.51, for a total transaction of $711,060.00. Following the transaction, the insider directly owned 307,223 shares in the company, valued at approximately $36,408,997.73. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,651,690 shares of company stock worth $593,440,562. Insiders own 12.92% of the company's stock.

Roblox Trading Down 3.5%

Shares of RBLX stock traded down $4.36 during mid-day trading on Tuesday, hitting $120.14. 10,620,038 shares of the company's stock were exchanged, compared to its average volume of 8,177,795. Roblox Corporation has a fifty-two week low of $35.30 and a fifty-two week high of $127.99. The stock has a market cap of $81.49 billion, a price-to-earnings ratio of -89.65 and a beta of 1.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The stock has a 50-day simple moving average of $96.51 and a two-hundred day simple moving average of $74.53.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company's revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. Equities analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.