Roblox Co. (NYSE:RBLX) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its stake in shares of Roblox Co. (NYSE:RBLX) by 10.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,787 shares of the company’s stock after buying an additional 2,408 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Roblox were worth $960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PARK CIRCLE Co purchased a new position in Roblox in the second quarter worth approximately $30,000. Gilliland Jeter Wealth Management LLC increased its stake in shares of Roblox by 102.4% during the second 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. Washington Trust Advisors Inc. purchased a new stake in shares of Roblox during the 1st quarter worth $39,000. Allspring Global Investments Holdings LLC lifted its holdings in Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after buying an additional 548 shares during the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new position in Roblox in the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO David Baszucki sold 166,666 shares of Roblox stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $45.56, for a total value of $7,593,302.96. Following the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at approximately $6,184,997.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the sale, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 775,341 shares of company stock valued at $33,004,226. Insiders own 22.15% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent analyst reports. Benchmark increased their target price on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Macquarie lifted 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. Needham & Company LLC upped their target price on Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays lifted their price target on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group increased their price objective on Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.40.

Roblox Trading Down 1.1 %

Shares of Roblox stock opened at $45.53 on Tuesday. The company has a 50-day moving average of $41.83 and a two-hundred day moving average of $38.35. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.49. The stock has a market cap of $26.92 billion, a PE ratio of -24.48 and a beta of 1.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same quarter last year, the business earned ($0.46) earnings per share. Roblox’s revenue was up 31.2% compared to the same quarter last year. On average, research analysts anticipate that Roblox Co. will post -1.59 EPS for the current fiscal 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.