ODonnell Financial Services LLC acquired a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,563 shares of the company's stock, valued at approximately $791,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Roblox by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock worth $2,096,000 after purchasing an additional 4,760 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Roblox during the 1st quarter worth $890,000. IFM Investors Pty Ltd lifted its holdings in Roblox by 7.2% during the 1st quarter. IFM Investors Pty Ltd now owns 92,118 shares of the company's stock worth $5,370,000 after buying an additional 6,180 shares during the period. Azzad Asset Management Inc. ADV bought a new stake in shares of Roblox in the 1st quarter valued at about $280,000. Finally, NewSquare Capital LLC raised its position in shares of Roblox by 2.7% during the first quarter. NewSquare Capital LLC now owns 115,121 shares of the company's stock worth $6,710,000 after acquiring an additional 3,065 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.
Insiders Place Their Bets
In other news, CEO David Baszucki sold 1,375,002 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the sale, the chief executive officer owned 221,983 shares in the company, valued at $16,024,952.77. This trade represents a 86.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 6,645,690 shares of company stock worth $592,729,502 in the last three months. 12.92% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
RBLX has been the topic of several analyst reports. Citigroup upped their target price on Roblox from $100.00 to $123.00 and gave the company a "buy" rating in a report on Monday, July 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $105.00 price objective (up from $85.00) on shares of Roblox in a research note on Thursday, June 5th. Morgan Stanley lowered their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group upped their price target on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $95.00 price target (up from $82.00) on shares of Roblox in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $86.68.
View Our Latest Stock Analysis on Roblox
Roblox Stock Up 1.8%
Roblox stock traded up $2.18 during mid-day trading on Friday, reaching $124.35. The stock had a trading volume of 8,539,986 shares, compared to its average volume of 8,145,728. The firm has a market capitalization of $84.34 billion, a PE ratio of -92.80 and a beta of 1.60. Roblox Corporation has a fifty-two week low of $35.30 and a fifty-two week high of $124.53. The stock's 50-day simple moving average is $96.51 and its 200-day simple moving average is $74.31. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02.
Roblox (NYSE:RBLX - Get Free Report) last released 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. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned ($0.43) EPS. The company's quarterly revenue was up 30.6% on a year-over-year basis. On average, sell-side analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.
Roblox Company 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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