4,037 Shares in Roblox Corporation (NYSE:RBLX) Purchased by waypoint wealth counsel

waypoint wealth counsel purchased a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,037 shares of the company's stock, valued at approximately $235,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% in the 4th 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 during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Roblox during the first quarter worth about $39,000. Colonial Trust Co SC bought a new stake in shares of Roblox during the fourth quarter valued at approximately $41,000. Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares during the period. Finally, Rakuten Securities Inc. raised its position in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on RBLX. The Goldman Sachs Group raised their target price on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Piper Sandler reissued an "overweight" rating and set a $105.00 price target (up from $85.00) on shares of Roblox in a report on Thursday, June 5th. Bank of America boosted their price target on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Canaccord Genuity Group increased their price target on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, FBN Securities assumed coverage on Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $78.04.

Roblox Stock Up 2.1%

NYSE RBLX traded up $2.12 on Thursday, reaching $104.96. The company had a trading volume of 6,695,062 shares, compared to its average volume of 7,968,711. Roblox Corporation has a 52 week low of $35.30 and a 52 week high of $105.76. The stock's 50 day moving average is $82.30 and its 200-day moving average is $68.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39.

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

Insider Activity

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $58.79, for a total transaction of $2,939,500.00. Following the sale, the chief financial officer now directly owns 516,434 shares of the company's stock, valued at approximately $30,361,154.86. This represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at approximately $16,024,952.77. This trade represents a 86.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,712,649 shares of company stock worth $584,262,803 over the last ninety days. Insiders own 12.92% of the company's stock.

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.