Baader Bank Aktiengesellschaft bought a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $930,000.
- MarketBeat Week in Review – 5/6 - 5/10
Several other institutional investors and hedge funds also recently made changes to their positions in RBLX. Vanguard Group Inc. grew its position in shares of Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company's stock worth $1,950,322,000 after acquiring an additional 4,818,022 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Roblox by 3.1% in the 1st quarter. Baillie Gifford & Co. now owns 28,607,151 shares of the company's stock worth $1,092,221,000 after acquiring an additional 867,805 shares in the last quarter. Ieq Capital LLC grew its position in shares of Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company's stock worth $473,811,000 after acquiring an additional 2,684,713 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Roblox by 9.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,493,091 shares of the company's stock worth $324,266,000 after acquiring an additional 764,481 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Roblox by 195.1% in the 4th quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company's stock worth $357,043,000 after acquiring an additional 5,162,833 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Roblox
In related news, insider Arvind Chakravarthy sold 18,165 shares of the firm's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $591,452.40. Following the transaction, the insider now owns 322,966 shares of the company's stock, valued at $10,515,772.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Arvind Chakravarthy sold 18,165 shares of the firm's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $591,452.40. Following the transaction, the insider now owns 322,966 shares of the company's stock, valued at $10,515,772.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,910 shares of the firm's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the transaction, the chief accounting officer now directly owns 98,457 shares in the company, valued at approximately $3,205,759.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 471,613 shares of company stock worth $17,411,713. 22.15% of the stock is currently owned by company insiders.
Roblox Trading Up 3.6 %
- Roblox: The Bottom Just Fell Out of the Metaverse
NYSE RBLX traded up $1.42 on Thursday, hitting $40.51. 5,083,321 shares of the stock were exchanged, compared to its average volume of 7,370,052. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $23.95 billion, a price-to-earnings ratio of -21.49 and a beta of 1.60. The company's 50-day moving average price is $38.06 and its two-hundred day moving average price is $37.92.
Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. The firm had revenue of $893.50 million for the quarter, compared to analysts' expectations of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company's quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.46) EPS. Research analysts predict that Roblox Co. will post -1.59 EPS for the current year.
Analyst Upgrades and Downgrades
- How to Bet on a Large Stock Price Move with an Options Strangle
Several equities analysts have recently commented on the company. BTIG Research lowered 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. Needham & Company LLC upped their target price on Roblox from $40.00 to $50.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $40.00 target price (down from $56.00) on shares of Roblox in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Roblox from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Roblox from a "neutral" rating to an "overweight" rating and raised their price target for the company from $41.00 to $48.00 in a research note on Tuesday, April 23rd. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.48.
Check Out Our Latest Report on Roblox
Roblox Company Profile
(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.
Recommended Stories
- Five stocks we like better than Roblox
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Michael Burry's Alibaba Bet and the Broader Market Implications
- Election Stocks: How Elections Affect the Stock Market
- Jeff Brown's Exegesis AI Stock Picks
- About the Markup Calculator
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Co. (NYSE:RBLX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ What Is the $7,882 Stimulus Payment 2024? (From Angel Publishing) (Ad)
Should you invest $1,000 in Roblox right now?
Before you consider Roblox, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roblox wasn't on the list.
While Roblox currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The Next 7 Blockbuster Stocks for Growth Investors
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
