Poinciana Advisors Group LLC Acquires 2,815 Shares of Roblox Corporation (NYSE:RBLX)

Poinciana Advisors Group LLC lifted its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 74.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,618 shares of the company's stock after purchasing an additional 2,815 shares during the period. Poinciana Advisors Group LLC's holdings in Roblox were worth $386,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC increased its stake in shares of Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its stake in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Atala Financial Inc increased its stake in shares of Roblox by 0.6% during the first quarter. Atala Financial Inc now owns 50,403 shares of the company's stock valued at $2,941,000 after purchasing an additional 292 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its stake in shares of Roblox by 2.5% during the first quarter. Moss Adams Wealth Advisors LLC now owns 13,614 shares of the company's stock valued at $794,000 after purchasing an additional 327 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $102.58, for a total transaction of $615,480.00. Following the sale, the insider owned 313,223 shares in the company, valued at $32,130,415.34. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on 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 sale, the director owned 284,488 shares in the company, valued at approximately $29,555,458.32. The trade was a 18.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,645,690 shares of company stock worth $592,729,502 over the last quarter. Insiders own 12.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on RBLX shares. Roth Mkm raised their target price on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Macquarie increased 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. Piper Sandler reiterated an "overweight" rating and set a $105.00 price target (up previously from $85.00) on shares of Roblox in a report on Thursday, June 5th. Wells Fargo & Company increased their price target on shares of Roblox from $78.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, June 27th. Finally, FBN Securities assumed coverage on shares of Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.52.

Roblox Stock Performance

Shares of RBLX stock traded up $1.75 during trading hours on Friday, reaching $106.78. 2,478,897 shares of the company traded hands, compared to its average volume of 8,035,254. The company has a market cap of $72.42 billion, a P/E ratio of -79.56 and a beta of 1.60. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50-day moving average price of $91.18 and a 200 day moving average price of $71.96. Roblox Corporation has a 12-month low of $35.30 and a 12-month high of $108.02.

Roblox (NYSE:RBLX - Get Free Report) last released 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 return on equity of 442.68% and a negative net margin of 22.94%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted ($0.43) earnings per share. The business's quarterly revenue was up 30.6% compared to the same quarter last year. As a group, sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Company 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.