Bleakley Financial Group LLC Grows Stock Holdings in Roblox Co. (NYSE:RBLX)

Bleakley Financial Group LLC boosted its stake in shares of Roblox Co. (NYSE:RBLX) by 169.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,303 shares of the company’s stock after purchasing an additional 9,619 shares during the period. Bleakley Financial Group LLC’s holdings in Roblox were worth $677,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Swedbank AB boosted its stake in shares of 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 last quarter. Thrive Wealth Management LLC grew its stake in shares of Roblox by 4.3% during the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after purchasing an additional 300 shares during the period. Mystic Asset Management Inc. increased its position in shares of Roblox by 4.0% during the 1st quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock valued at $326,000 after purchasing an additional 325 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Roblox by 0.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock worth $6,048,000 after purchasing an additional 380 shares during the period. Finally, Center for Financial Planning Inc. boosted its holdings in shares of Roblox by 2.3% in the second 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 last quarter. Institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the sale, the chief financial officer now directly owns 352,844 shares in the company, valued at $14,643,026. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Mark Reinstra sold 12,000 shares of Roblox stock in a transaction dated 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 transaction, the insider now directly owns 342,656 shares of the company’s stock, valued at approximately $13,706,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the transaction, the chief financial officer now owns 352,844 shares in the company, valued at $14,643,026. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 625,673 shares of company stock worth $27,331,806. Corporate insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price target on shares of Roblox in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 2nd. BTIG Research raised their price objective on Roblox from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Wolfe Research assumed coverage on Roblox in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Benchmark raised their target price on shares of Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.14.

Roblox Price Performance

NYSE:RBLX opened at $40.31 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The company has a market capitalization of $23.84 billion, a P/E ratio of -21.67 and a beta of 1.60. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $48.43. The business’s 50-day moving average is $43.14 and its 200 day moving average is $38.99.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating 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 company had revenue of $893.50 million for the quarter, compared to the consensus estimate of $897.88 million. During the same quarter in the prior year, the firm earned ($0.46) earnings per share. Roblox’s revenue was up 31.2% on a year-over-year basis. On average, equities research 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.