Wealthquest Corp Makes New Investment in Roblox Corporation (NYSE:RBLX)

Wealthquest Corp bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,746 shares of the company's stock, valued at approximately $160,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Roblox in the first quarter valued at about $890,000. Azzad Asset Management Inc. ADV purchased a new position in Roblox in the first quarter valued at about $280,000. NewSquare Capital LLC increased its holdings in Roblox by 2.7% in the first quarter. NewSquare Capital LLC now owns 115,121 shares of the company's stock valued at $6,710,000 after buying an additional 3,065 shares in the last quarter. Amundi increased its holdings in Roblox by 111.4% in the fourth quarter. Amundi now owns 3,191,137 shares of the company's stock valued at $198,010,000 after buying an additional 1,681,263 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Roblox by 101.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company's stock valued at $40,762,000 after buying an additional 355,270 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the transaction, the insider now owns 364,244 shares in the company, valued at approximately $21,122,509.56. The trade was a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 47,928 shares of Roblox stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $105.14, for a total transaction of $5,039,149.92. Following the transaction, the chief executive officer now owns 211,559 shares in the company, valued at $22,243,313.26. The trade was a 18.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,712,649 shares of company stock worth $584,262,803. 12.92% of the stock is currently owned by corporate insiders.

Roblox Trading Up 0.8%

Shares of NYSE RBLX traded up $0.80 during trading on Friday, hitting $105.80. 11,052,616 shares of the company traded hands, compared to its average volume of 7,992,199. Roblox Corporation has a 1 year low of $35.30 and a 1 year high of $105.87. The company has a 50-day moving average price of $84.13 and a 200-day moving average price of $69.19. The firm has a market capitalization of $71.76 billion, a P/E ratio of -78.96 and a beta of 1.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion during 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%. The business's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.43) EPS. On average, equities analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Citigroup reissued an "overweight" rating on shares of Roblox in a research note on Monday, June 16th. JPMorgan Chase & Co. raised their price objective on shares of Roblox from $80.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Oppenheimer reissued an "outperform" rating and set a $125.00 price objective (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Barclays raised their price objective on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC reissued a "buy" rating on shares of Roblox in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus price target of $79.70.

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.