5,100 Shares in Roblox Co. (NYSE:RBLX) Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. purchased a new position in shares of Roblox Co. (NYSE:RBLX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,100 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Roblox by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 46,264,280 shares of the company’s stock worth $2,115,203,000 after acquiring an additional 1,671,272 shares during the last quarter. Wellington Management Group LLP purchased a new position in Roblox during the 4th quarter worth $1,870,000. PBCay One RSC Ltd purchased a new position in Roblox during the 4th quarter worth $3,259,000. Syon Capital LLC purchased a new stake in shares of Roblox in the fourth quarter valued at about $12,686,000. Finally, Virtu Financial LLC purchased a new stake in shares of Roblox in the fourth quarter valued at about $1,351,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Stock Up 0.8 %

Shares of NYSE RBLX opened at $37.22 on Friday. The stock’s fifty day moving average is $34.97 and its 200 day moving average is $38.80. The stock has a market capitalization of $22.01 billion, a P/E ratio of -20.01 and a beta of 1.58. The company has a debt-to-equity ratio of 16.04, a quick ratio of 1.07 and a current ratio of 1.07. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. The firm had revenue of $923.76 million for 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 business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm posted ($0.44) earnings per share. Sell-side analysts forecast that Roblox Co. will post -1.7 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO David Baszucki sold 166,666 shares of Roblox stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $35.12, for a total transaction of $5,853,309.92. Following the transaction, the chief executive officer now owns 142,260 shares of the company’s stock, valued at $4,996,171.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $36.06, for a total value of $1,081,800.00. Following the transaction, the chief financial officer now directly owns 396,709 shares in the company, valued at approximately $14,305,326.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 166,666 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $35.12, for a total value of $5,853,309.92. Following the transaction, the chief executive officer now owns 142,260 shares in the company, valued at $4,996,171.20. The disclosure for this sale can be found here. Insiders sold a total of 401,221 shares of company stock worth $14,252,675 over the last quarter. 22.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on RBLX shares. Barclays reduced their price objective on shares of Roblox from $46.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Canaccord Genuity Group lowered their target price on shares of Roblox from $56.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 10th. The Goldman Sachs Group decreased their price objective on shares of Roblox from $48.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Piper Sandler reissued an “overweight” rating and set a $40.00 target price (down from $56.00) on shares of Roblox in a research report on Friday, May 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price objective on shares of Roblox in a research note on Monday, April 22nd. Seven equities research 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, Roblox has a consensus rating of “Moderate Buy” and an average target price of $42.14.

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.