Roblox Corporation (NYSE:RBLX) Stake Lessened by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 46.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,210 shares of the company's stock after selling 16,592 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Roblox were worth $1,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RBLX. M&T Bank Corp lifted its holdings in shares of Roblox by 2.2% in the 4th quarter. M&T Bank Corp now owns 20,539 shares of the company's stock valued at $1,188,000 after buying an additional 434 shares during the period. Proficio Capital Partners LLC purchased a new position in Roblox during the 4th quarter valued at about $6,455,000. Raymond James Financial Inc. purchased a new position in Roblox during the 4th quarter valued at about $24,217,000. Candriam S.C.A. raised its position in shares of Roblox by 12.3% during the 4th quarter. Candriam S.C.A. now owns 28,083 shares of the company's stock worth $1,625,000 after acquiring an additional 3,086 shares in the last quarter. Finally, Amundi grew its stake in Roblox by 111.4% during the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock worth $198,010,000 after buying an additional 1,681,263 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America lifted their price objective on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Benchmark upped their price target on Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Citigroup reissued a "buy" rating on shares of Roblox in a research note on Monday. The Goldman Sachs Group raised their price objective on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Finally, Canaccord Genuity Group boosted their target price on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.52.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $103.89, for a total transaction of $6,856,740.00. Following the transaction, the director directly owned 284,488 shares in the company, valued at approximately $29,555,458.32. The trade was a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 139,507 shares of the company'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 transaction of $14,674,741.33. Following the sale, the chief executive officer directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,645,690 shares of company stock worth $592,729,502. 12.92% of the stock is owned by company insiders.

Roblox Price Performance

Shares of RBLX traded up $0.10 during trading hours on Wednesday, reaching $105.04. 297,657 shares of the stock traded hands, compared to its average volume of 8,019,737. The company has a market cap of $71.24 billion, a P/E ratio of -78.55 and a beta of 1.60. Roblox Corporation has a 52-week low of $35.30 and a 52-week high of $108.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. The company's 50-day moving average price is $89.67 and its two-hundred day moving average price is $71.40.

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

About Roblox

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.