44,237 Shares in Roblox Co. (NYSE:RBLX) Purchased by Roberts Wealth Advisors LLC (2024)

Roberts Wealth Advisors LLC bought a new position in shares of Roblox Co. (NYSE:RBLX – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,237 shares of the company’s stock, valued at approximately $1,622,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Roblox during the fourth quarter worth about $25,000. Blue Trust Inc. lifted its stake in Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after purchasing an additional 912 shares during the last quarter. Allworth Financial LP lifted its stake in Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after purchasing an additional 587 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Roblox during the fourth quarter worth about $58,000. Finally, Principal Securities Inc. bought a new stake in Roblox during the fourth quarter worth about $59,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $36.67, for a total value of $476,710.00. Following the transaction, the director now directly owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $36.67, for a total value of $476,710.00. Following the sale, the director now directly owns 9,721,603 shares of the company’s stock, valued at $356,491,182.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 166,666 shares of Roblox stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $35.12, for a total value of $5,853,309.92. Following the completion of the sale, the chief executive officer now directly owns 142,260 shares in the company, valued at $4,996,171.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,221 shares of company stock valued at $14,729,385. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Down 0.0 %

RBLX stock opened at $37.21 on Monday. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm has a market cap of $22.00 billion, a PE ratio of -20.01 and a beta of 1.59. The business has a 50 day moving average of $35.01 and a 200 day moving average of $38.72.

Roblox (NYSE:RBLX – Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The business had revenue of $923.76 million during the quarter, compared to analyst estimates of $918.85 million. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) EPS. On average, research analysts forecast that Roblox Co. will post -1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Roth Capital lowered Roblox from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 14th. BTIG Research dropped their target price on Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a report on Friday, May 10th. Benchmark dropped their target price on Roblox from $50.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 10th. Morgan Stanley dropped their target price on Roblox from $42.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Finally, Wells Fargo & Company increased their target price on Roblox from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.14.

Get Our Latest Report on Roblox

About Roblox

(Free Report)

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.

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