Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 288,949 Roblox Corporation (NYSE:RBLX)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 288,949 shares of the company's stock, valued at approximately $16,843,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Roblox by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock valued at $2,096,000 after purchasing an additional 4,760 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Roblox during the first quarter valued at about $890,000. IFM Investors Pty Ltd lifted its position in shares of Roblox by 7.2% during the first quarter. IFM Investors Pty Ltd now owns 92,118 shares of the company's stock valued at $5,370,000 after purchasing an additional 6,180 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of Roblox by 1,193.7% during the first quarter. Montag A & Associates Inc. now owns 26,934 shares of the company's stock valued at $1,570,000 after purchasing an additional 24,852 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV bought a new position in shares of Roblox during the first quarter valued at about $280,000. Institutional investors own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 1,375,002 shares of the company'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 directly owned 221,983 shares in the company, valued at approximately $16,024,952.77. This represents a 86.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 6,651,690 shares of company stock valued at $593,440,562 in the last quarter. 12.92% of the stock is currently owned by corporate insiders.

Roblox Price Performance

Shares of RBLX stock traded up $0.67 during trading on Friday, hitting $118.79. The company had a trading volume of 5,550,984 shares, compared to its average volume of 8,101,534. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The stock's 50-day moving average is $100.68 and its two-hundred day moving average is $76.37. The stock has a market capitalization of $80.57 billion, a price-to-earnings ratio of -88.65 and a beta of 1.60. Roblox Corporation has a 52 week low of $35.30 and a 52 week high of $127.99.

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 the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. Roblox's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.43) earnings per share. As a group, analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RBLX shares. Canaccord Genuity Group raised their price target on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Bank of America boosted their price target on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Piper Sandler boosted their price target on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday. FBN Securities assumed coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target on the stock. Finally, Wedbush upped their price objective on shares of Roblox from $110.00 to $142.00 and gave the company an "outperform" rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $95.95.

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.