Stephens Inc. AR Invests $290,000 in Roblox Corporation (NYSE:RBLX)

Stephens Inc. AR purchased a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,983 shares of the company's stock, valued at approximately $290,000.

A number of other large investors have also bought and sold shares of RBLX. FMR LLC raised its position in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after purchasing an additional 4,406,885 shares in the last quarter. Durable Capital Partners LP purchased a new position in shares of Roblox in the fourth quarter worth about $246,560,000. Norges Bank purchased a new position in Roblox during the fourth quarter valued at approximately $167,211,000. Finally, Ninety One UK Ltd purchased a new position in Roblox during the first quarter valued at approximately $137,379,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Price Performance

RBLX opened at $124.35 on Friday. 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 $84.34 billion, a P/E ratio of -92.80 and a beta of 1.60. The company's 50-day simple moving average is $96.51 and its two-hundred day simple moving average is $74.42. Roblox Corporation has a 52-week low of $35.30 and a 52-week high of $124.60.

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, topping the consensus estimate 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 firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the business earned ($0.43) EPS. The business's quarterly revenue was up 30.6% on a year-over-year basis. As a group, analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler reissued an "overweight" rating and issued a $105.00 price target (up previously from $85.00) on shares of Roblox in a research note on Thursday, June 5th. FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective for the company. Citigroup boosted their price objective on shares of Roblox from $100.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wedbush upgraded shares of Roblox to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Benchmark boosted their price objective on shares of Roblox from $71.00 to $77.00 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, four have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.68.

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 66,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $103.89, for a total value of $6,856,740.00. Following the completion of the transaction, the director directly owned 284,488 shares of the company's stock, valued at approximately $29,555,458.32. This trade represents a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $615,480.00. Following the completion of the transaction, the insider directly owned 313,223 shares of the company's stock, valued at approximately $32,130,415.34. This trade represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,645,690 shares of company stock valued at $592,729,502 in the last three months. 12.92% of the stock is currently owned by corporate insiders.

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.

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