Roblox Co. (NYSE:RBLX) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in Roblox Co. (NYSE:RBLX - Free Report) by 171.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,086,243 shares of the company's stock after purchasing an additional 686,594 shares during the quarter. Barclays PLC owned approximately 0.19% of Roblox worth $31,457,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC acquired a new stake in Roblox during the 4th quarter worth approximately $25,000. 1832 Asset Management L.P. acquired a new stake in Roblox during the 1st quarter worth approximately $32,000. Penserra Capital Management LLC acquired a new stake in Roblox during the 4th quarter worth approximately $43,000. High Net Worth Advisory Group LLC lifted its position in Roblox by 900.0% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company's stock worth $46,000 after acquiring an additional 900 shares during the period. Finally, Impact Partnership Wealth LLC lifted its position in Roblox by 23.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company's stock worth $62,000 after acquiring an additional 403 shares during the period. 69.92% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Performance

Roblox stock opened at $40.67 on Friday. The company has a debt-to-equity ratio of 8.38, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a fifty day moving average of $41.84 and a two-hundred day moving average of $35.57. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.65.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.07. The company had revenue of $839.45 million during the quarter, compared to the consensus estimate of $824.71 million. Roblox had a negative return on equity of 536.12% and a negative net margin of 42.54%. Roblox's revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.50) earnings per share. As a group, analysts forecast that Roblox Co. will post -1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, Director Gregory Baszucki sold 8,333 shares of the firm's stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $41.17, for a total transaction of $343,069.61. Following the completion of the transaction, the director now owns 9,786,603 shares of the company's stock, valued at $402,914,445.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amy Marie Rawlings sold 4,495 shares of the firm's stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.70, for a total transaction of $164,966.50. Following the sale, the chief accounting officer now owns 97,753 shares in the company, valued at $3,587,535.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory Baszucki sold 8,333 shares of Roblox stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total value of $343,069.61. Following the completion of the transaction, the director now owns 9,786,603 shares in the company, valued at approximately $402,914,445.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,272 shares of company stock valued at $12,671,049. Corporate insiders own 27.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Needham & Company LLC increased their price objective on Roblox from $40.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. increased their target price on Roblox from $33.00 to $37.00 and gave the stock a "neutral" rating in a research note on Thursday, November 16th. BMO Capital Markets initiated coverage on Roblox in a research note on Tuesday, January 9th. They set an "outperform" rating and a $55.00 target price for the company. Wolfe Research raised Roblox from an "underperform" rating to a "peer perform" rating in a research note on Friday, November 17th. Finally, Roth Mkm reissued a "buy" rating and set a $48.00 target price on shares of Roblox in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.71.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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