PNC Financial Services Group Inc. Acquires 2,487 Shares of Roblox Co. (NYSE:RBLX)

PNC Financial Services Group Inc. increased its holdings in Roblox Co. (NYSE:RBLX) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,697 shares of the company’s stock after acquiring an additional 2,487 shares during the period. PNC Financial Services Group Inc.’s holdings in Roblox were worth $626,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RBLX. Allspring Global Investments Holdings LLC bought a new position in Roblox during the fourth quarter valued at $25,000. Blue Trust Inc. grew its holdings in Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after purchasing an additional 912 shares during the period. Allworth Financial LP grew its holdings in 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 purchasing an additional 587 shares during the period. Rakuten Securities Inc. bought a new position in Roblox during the fourth quarter valued at $58,000. Finally, Principal Securities Inc. bought a new position in shares of Roblox in the fourth quarter worth $59,000. 91.08% of the stock is owned by institutional investors.

Insider Transactions at Roblox

In other news, insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the transaction, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total transaction of $1,081,800.00. Following the transaction, the chief financial officer now owns 396,709 shares in the company, valued at approximately $14,305,326.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total value of $146,760.00. Following the transaction, the insider now owns 359,453 shares in the company, valued at approximately $13,188,330.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 401,221 shares of company stock worth $14,252,675. Company insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RBLX shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price target (down from $57.00) on shares of Roblox in a report on Monday, May 13th. Moffett Nathanson raised Roblox from a “sell” rating to a “neutral” rating and cut their price target for the stock from $31.00 to $26.00 in a report on Friday, May 10th. Roth Capital lowered Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. BTIG Research cut their price target on Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, Wells Fargo & Company raised their price target on Roblox from $37.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. Seven investment 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.14.

Roblox Stock Up 4.2 %

RBLX opened at $36.91 on Thursday. The company has a market cap of $21.82 billion, a P/E ratio of -19.84 and a beta of 1.58. The business’s 50-day moving average price is $34.94 and its 200-day moving average price is $38.81. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. The firm had revenue of $923.76 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.44) earnings per share. On average, equities analysts expect that Roblox Co. will post -1.7 EPS for the current year.

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.