OMNI 360 Wealth Inc. Invests $277,000 in Roblox Corporation (NYSE:RBLX)

OMNI 360 Wealth Inc. bought a new position in Roblox Corporation (NYSE:RBLX - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,744 shares of the company's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also bought and sold shares of RBLX. Vanguard Group Inc. grew its position in Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after buying an additional 462,450 shares in the last quarter. FMR LLC grew its stake in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after acquiring an additional 17,312,325 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Roblox by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after acquiring an additional 246,610 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Roblox by 24.3% during the 4th quarter. Renaissance Technologies LLC now owns 7,570,959 shares of the company's stock worth $438,056,000 after acquiring an additional 1,478,421 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Down 2.6%

Shares of Roblox stock traded down $2.85 during midday trading on Tuesday, hitting $104.91. The company had a trading volume of 5,958,818 shares, compared to its average volume of 8,049,011. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $71.16 billion, a P/E ratio of -78.29 and a beta of 1.60. The company has a 50 day moving average of $88.90 and a 200 day moving average of $71.16. Roblox Corporation has a 52-week low of $35.30 and a 52-week high of $108.66.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The firm's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. On average, equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $99,261,394.38. Following the transaction, the chief executive officer owned 221,983 shares of the company's stock, valued at approximately $16,024,952.77. This trade represents a 86.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 6,645,690 shares of company stock valued at $592,729,502 over the last 90 days. 12.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RBLX has been the topic of several recent research reports. Piper Sandler reiterated an "overweight" rating and set a $105.00 price objective (up from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Macquarie upped their price target on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Benchmark increased their price objective on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Finally, FBN Securities started coverage on Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.52.

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.