Roblox Co. (NYSE:RBLX) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in shares of Roblox Co. (NYSE:RBLX) by 6.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,623 shares of the company’s stock after acquiring an additional 605 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Roblox were worth $395,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PARK CIRCLE Co acquired a new stake in Roblox during the second quarter worth about $30,000. Gilliland Jeter Wealth Management LLC grew its holdings in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the period. Washington Trust Advisors Inc. acquired a new stake in Roblox during the 1st quarter worth approximately $39,000. Allspring Global Investments Holdings LLC raised its holdings in Roblox by 98.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after buying an additional 548 shares during the period. Finally, Redwood Wealth Management Group LLC acquired a new position in Roblox during the second quarter valued at approximately $48,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBLX has been the subject of several recent research reports. Barclays increased their price objective on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. BTIG Research raised their price objective on Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Roth Mkm upped 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. Needham & Company LLC increased their target price on Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wolfe Research initiated coverage on Roblox in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.81.

Insider Transactions at Roblox

In related news, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total transaction of $620,750.00. Following the completion of the sale, the director now owns 9,662,103 shares of the company’s stock, valued at $461,365,418.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total value of $1,164,600.00. Following the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total transaction of $620,750.00. Following the transaction, the director now directly owns 9,662,103 shares of the company’s stock, valued at approximately $461,365,418.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 762,341 shares of company stock worth $32,788,526. 22.15% of the stock is currently owned by insiders.

Roblox Stock Down 2.1 %

Shares of Roblox stock opened at $40.51 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The business has a 50-day moving average price of $42.62 and a 200 day moving average price of $38.74. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $48.43. The firm has a market cap of $23.95 billion, a P/E ratio of -21.78 and a beta of 1.60.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.07. The business had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.46) EPS. On average, sell-side analysts forecast that Roblox Co. will post -1.59 earnings per share 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.