Roblox Co. (NYSE:RBLX) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its holdings in shares of Roblox Co. (NYSE:RBLX) by 9.2% in the second quarter, HoldingsChannel.com reports. The fund owned 34,530 shares of the company’s stock after buying an additional 2,908 shares during the quarter. Amalgamated Bank’s holdings in Roblox were worth $1,285,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Axxcess Wealth Management LLC lifted its stake in Roblox by 40.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 14,853 shares of the company’s stock valued at $553,000 after buying an additional 4,285 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Roblox during the second quarter valued at $3,165,000. Redwood Wealth Management Group LLC acquired a new stake in shares of Roblox during the second quarter valued at $48,000. Mystic Asset Management Inc. raised its stake in Roblox by 13.8% in the 2nd quarter. Mystic Asset Management Inc. now owns 9,730 shares of the company’s stock valued at $362,000 after purchasing an additional 1,180 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Roblox by 17.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 64,557 shares of the company’s stock valued at $2,402,000 after purchasing an additional 9,665 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBLX has been the subject of a number of analyst reports. Macquarie boosted their price objective on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. 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. Needham & Company LLC raised their price objective on Roblox from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wolfe Research started coverage on Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, The Goldman Sachs Group raised their price target on Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $44.81.

Roblox Stock Down 5.8 %

Shares of Roblox stock opened at $44.86 on Friday. Roblox Co. has a twelve month low of $26.78 and a twelve month high of $48.43. The stock has a market cap of $26.85 billion, a price-to-earnings ratio of -24.12 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. The company has a fifty day moving average price of $42.29 and a 200 day moving average price of $38.55.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. The company had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.46) earnings per share. Equities research analysts forecast that Roblox Co. will post -1.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 $461,365,418.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total transaction of $620,750.00. Following the sale, the director now directly owns 9,662,103 shares of the company’s stock, valued at $461,365,418.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 12,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 792,341 shares of company stock worth $33,923,126 in the last 90 days. 22.15% of the stock is owned by company insiders.

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.