Waldron Private Wealth LLC Takes $224,000 Position in Roblox Co. (NYSE:RBLX)

Waldron Private Wealth LLC bought a new position in shares of Roblox Co. (NYSE:RBLX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,051 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Roblox in the third quarter valued at $27,000. PARK CIRCLE Co acquired a new position in Roblox in the 2nd quarter valued at about $30,000. Strategic Financial Concepts LLC acquired a new stake in Roblox during the 2nd quarter worth approximately $33,000. Gilliland Jeter Wealth Management LLC grew its stake in shares of Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Roblox in the first quarter valued at approximately $39,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Down 0.3 %

Shares of RBLX opened at $41.15 on Thursday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $48.43. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $43.19 and a 200-day simple moving average of $39.01. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of -22.12 and a beta of 1.60.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. The company had revenue of $893.50 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 31.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.46) earnings per share. Equities analysts forecast that Roblox Co. will post -1.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Barclays boosted their price target on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. BMO Capital Markets restated an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a research report on Tuesday, July 30th. Piper Sandler boosted their target price on Roblox from $48.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their price target on Roblox from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.29.

Insider Buying and Selling at Roblox

In other news, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total value of $620,750.00. Following the completion of the transaction, the director now owns 9,662,103 shares of the company’s stock, valued at $461,365,418.25. The trade was a 0.00 % decrease in their ownership of the stock. 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 on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $41.50, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 612,673 shares of company stock worth $26,805,956. Corporate insiders own 22.15% of the company’s stock.

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.