Roblox Corporation (NYSE:RBLX) Shares Purchased by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC raised its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 132.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,167 shares of the company's stock after acquiring an additional 5,230 shares during the period. Allegiance Financial Group Advisory Services LLC's holdings in Roblox were worth $534,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after buying an additional 4,406,885 shares during the period. Durable Capital Partners LP purchased a new stake in shares of Roblox in the 4th quarter valued at approximately $246,560,000. Norges Bank purchased a new stake in shares of Roblox in the 4th quarter valued at approximately $167,211,000. Finally, Ninety One UK Ltd purchased a new stake in shares of Roblox in the 1st quarter valued at approximately $137,379,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In other news, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $102.58, for a total value of $615,480.00. Following the sale, the insider directly owned 313,223 shares in the company, valued at approximately $32,130,415.34. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 139,507 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the completion of the sale, the chief executive officer owned 211,559 shares in the company, valued at $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. In the last three months, insiders have sold 6,645,690 shares of company stock worth $592,729,502. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Up 1.8%

Shares of RBLX traded up $2.18 during midday 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. Roblox Corporation has a 1-year low of $35.30 and a 1-year high of $124.53. The company's fifty day simple moving average is $96.51 and its two-hundred day simple moving average is $74.31. The company has a market cap of $84.34 billion, a price-to-earnings ratio of -92.80 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.

Roblox (NYSE:RBLX - Get Free Report) last announced 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. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned ($0.43) EPS. The company's revenue was up 30.6% on a year-over-year basis. Equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on RBLX. The Goldman Sachs Group increased their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Canaccord Genuity Group increased their price objective on shares of Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $105.00 price objective (up previously from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.68.

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.