Roblox Co. (NYSE:RBLX) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its stake in shares of Roblox Co. (NYSE:RBLX) by 1.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,737,657 shares of the company’s stock after acquiring an additional 65,191 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Roblox were worth $180,885,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Quadrature Capital Ltd raised its stake in shares of Roblox by 1,145.7% during the 1st quarter. Quadrature Capital Ltd now owns 371,158 shares of the company’s stock valued at $14,171,000 after buying an additional 341,364 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Roblox by 31.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock valued at $106,000 after buying an additional 672 shares during the last quarter. Freestone Capital Holdings LLC purchased a new position in shares of Roblox in the 1st quarter valued at about $2,524,000. EntryPoint Capital LLC purchased a new position in shares of Roblox in the 1st quarter valued at about $65,000. Finally, Natixis increased its stake in shares of Roblox by 394.6% in the 1st quarter. Natixis now owns 266,553 shares of the company’s stock valued at $10,177,000 after purchasing an additional 212,660 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 166,668 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $40.21, for a total transaction of $6,701,720.28. Following the sale, the chief executive officer now owns 142,260 shares of the company’s stock, valued at $5,720,274.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Roblox news, CEO David Baszucki sold 166,668 shares of Roblox stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $40.21, for a total transaction of $6,701,720.28. Following the completion of the sale, the chief executive officer now directly owns 142,260 shares of the company’s stock, valued at approximately $5,720,274.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the completion of the transaction, the chief financial officer now owns 374,633 shares in the company, valued at $14,168,620.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 476,889 shares of company stock valued at $17,575,955. 22.15% of the stock is currently owned by company insiders.

Roblox Price Performance

RBLX remained flat at $40.51 during trading hours on Monday. The company had a trading volume of 2,180,680 shares, compared to its average volume of 7,331,314. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The stock has a market cap of $23.95 billion, a PE ratio of -21.76 and a beta of 1.59. The business has a fifty day moving average of $36.74 and a 200-day moving average of $38.07. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The business had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. During the same quarter in the prior year, the company earned ($0.44) earnings per share. The company’s revenue was up 19.4% on a year-over-year basis. Analysts expect that Roblox Co. will post -1.66 EPS for the current year.

Analyst Ratings Changes

RBLX has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $53.00 price target on shares of Roblox in a research note on Monday, April 22nd. Roth Capital lowered Roblox from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Wolfe Research began coverage on Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Benchmark lowered their price objective on Roblox from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, Wells Fargo & Company lifted their price objective on Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average target price of $42.91.

About Roblox

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.