Charles Schwab Investment Management Inc. Grows Stock Position in Roblox Co. (NYSE:RBLX)

Charles Schwab Investment Management Inc. lifted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,703,741 shares of the company's stock after buying an additional 100,572 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.30% of Roblox worth $77,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Roblox during the fourth quarter valued at about $25,000. Blue Trust Inc. boosted its holdings in Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock worth $49,000 after acquiring an additional 912 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company's stock valued at $57,000 after acquiring an additional 587 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of Roblox in the 4th quarter worth $58,000. Finally, Lindbrook Capital LLC grew its position in Roblox by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company's stock valued at $75,000 after purchasing an additional 700 shares during the period. Institutional investors own 91.08% of the company's stock.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 3,777 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the transaction, the chief accounting officer now owns 96,125 shares of the company's stock, valued at $3,906,520. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the transaction, the chief accounting officer now directly owns 96,125 shares in the company, valued at approximately $3,906,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 10,972 shares of Roblox stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $445,902.08. Following the sale, the chief financial officer now owns 233,629 shares of the company's stock, valued at approximately $9,494,682.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 317,650 shares of company stock valued at $12,155,579. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Performance

Shares of RBLX stock traded up $0.70 during trading on Tuesday, reaching $31.66. 10,738,421 shares of the company's stock traded hands, compared to its average volume of 8,320,223. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a market capitalization of $18.72 billion, a P/E ratio of -17.02 and a beta of 1.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm's 50-day moving average is $37.30 and its 200 day moving average is $39.51.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.10. The company had revenue of $923.76 million during the quarter, compared to analysts' expectations of $918.85 million. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The firm's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.44) earnings per share. Equities research analysts expect that Roblox Co. will post -2.04 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on RBLX shares. BMO Capital Markets reaffirmed an "outperform" rating and issued a $56.00 price objective (down from $57.00) on shares of Roblox in a research note on Monday. Needham & Company LLC cut their price target on Roblox from $55.00 to $40.00 and set a "buy" rating for the company in a research note on Friday. Benchmark decreased their price objective on Roblox from $50.00 to $40.00 and set a "buy" rating for the company in a report on Friday. Roth Mkm reaffirmed a "neutral" rating and set a $35.00 target price (down previously from $55.00) on shares of Roblox in a research report on Tuesday. Finally, Wedbush dropped their price objective on Roblox from $56.00 to $46.00 and set an "outperform" rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.76.

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.