Ashton Thomas Private Wealth LLC Buys New Holdings in Roblox Co. (NYSE:RBLX)

Ashton Thomas Private Wealth LLC acquired a new position in Roblox Co. (NYSE:RBLX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,250 shares of the company’s stock, valued at approximately $84,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Swedbank AB lifted its holdings in Roblox by 0.5% in the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after buying an additional 285 shares during the period. Thrive Wealth Management LLC lifted its holdings in Roblox by 4.3% in the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after buying an additional 300 shares during the period. Mystic Asset Management Inc. lifted its holdings in Roblox by 4.0% in the 1st quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock worth $326,000 after buying an additional 325 shares during the period. Center for Financial Planning Inc. lifted its holdings in Roblox by 2.3% in the 2nd quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock worth $659,000 after buying an additional 400 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 12,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the transaction, the insider now owns 342,656 shares of the company’s stock, valued at approximately $13,706,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total transaction of $476,710.00. Following the transaction, the director now directly owns 9,721,603 shares in the company, valued at $356,491,182.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Reinstra sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the sale, the insider now owns 342,656 shares of the company’s stock, valued at $13,706,240. The disclosure for this sale can be found here. Insiders sold 608,675 shares of company stock valued at $25,410,923 in the last 90 days. Insiders own 22.15% of the company’s stock.

Roblox Stock Up 1.0 %

Shares of RBLX stock opened at $45.87 on Friday. The company’s fifty day simple moving average is $41.20 and its two-hundred day simple moving average is $38.16. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The stock has a market cap of $27.45 billion, a P/E ratio of -24.66 and a beta of 1.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. During the same quarter in the prior year, the firm earned ($0.46) EPS. The business’s revenue was up 31.2% on a year-over-year basis. Analysts predict that Roblox Co. will post -1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wolfe Research assumed coverage on Roblox in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $46.00 target price on shares of Roblox in a research report on Monday, July 29th. Roth Mkm increased their target price on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Macquarie increased their target price on Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

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.