Washington Trust Advisors Inc. Invests $39,000 in Roblox Co. (NYSE:RBLX)

Washington Trust Advisors Inc. acquired a new position in Roblox Co. (NYSE:RBLX) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,022 shares of the company’s stock, valued at approximately $39,000.

A number of other large investors have also recently made changes to their positions in the business. Qsemble Capital Management LP bought a new stake in shares of Roblox in the 1st quarter worth approximately $1,133,000. Sei Investments Co. lifted its stake in shares of Roblox by 18.3% in the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock valued at $11,000,000 after purchasing an additional 44,557 shares during the period. River Global Investors LLP lifted its stake in shares of Roblox by 37.9% in the 1st quarter. River Global Investors LLP now owns 34,391 shares of the company’s stock valued at $1,313,000 after purchasing an additional 9,457 shares during the period. Forsta AP Fonden lifted its stake in shares of Roblox by 13.9% in the 1st quarter. Forsta AP Fonden now owns 91,800 shares of the company’s stock valued at $3,505,000 after purchasing an additional 11,200 shares during the period. Finally, Mystic Asset Management Inc. lifted its stake in shares of Roblox by 4.0% in 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 period. 91.08% of the stock is currently owned by institutional investors.

Roblox Stock Performance

Shares of RBLX traded up $0.19 during trading hours on Tuesday, hitting $41.30. The stock had a trading volume of 4,615,625 shares, compared to its average volume of 7,575,745. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The firm has a market capitalization of $24.42 billion, a PE ratio of -22.10 and a beta of 1.59. The stock has a fifty day moving average price of $35.50 and a 200 day moving average price of $38.22.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate 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 company had revenue of $923.76 million during the quarter, compared to analyst estimates of $918.85 million. During the same quarter in the previous year, the company posted ($0.44) earnings per share. Roblox’s revenue was up 19.4% compared to the same quarter last year. Analysts anticipate that Roblox Co. will post -1.67 EPS for the current year.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 900 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total value of $31,500.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at $13,112,155. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Roblox news, insider Mark Reinstra sold 4,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the sale, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Guthrie sold 900 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total value of $31,500.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares of the company’s stock, valued at approximately $13,112,155. The disclosure for this sale can be found here. Insiders sold 314,221 shares of company stock valued at $10,951,185 over the last 90 days. Company insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and raised their target price for the company from $41.00 to $48.00 in a research note on Tuesday, April 23rd. BTIG Research lowered their target price on Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Roblox from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Jefferies Financial Group began coverage on Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price objective (down previously from $57.00) on shares of Roblox in a research note on Monday, May 13th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average target price of $42.59.

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.