Vise Technologies Inc. purchased a new stake in Roblox Corporation (NYSE:RBLX – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,634 shares of the company’s stock, valued at approximately $2,276,000.
Several other large investors also recently bought and sold shares of RBLX. ORG Partners LLC acquired a new stake in shares of Roblox during the second quarter worth about $33,000. Larson Financial Group LLC grew its position in shares of Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after acquiring an additional 516 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Roblox in the 2nd quarter valued at $34,000. Generali Asset Management SPA SGR purchased a new stake in Roblox in the 2nd quarter valued at $40,000. Finally, Kiker Wealth Management LLC raised its position in Roblox by 2,646.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after purchasing an additional 397 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.
Roblox Trading Down 0.6%
NYSE:RBLX opened at $104.76 on Wednesday. Roblox Corporation has a 1 year low of $47.95 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average price of $127.50 and a two-hundred day moving average price of $111.77. The stock has a market capitalization of $68.60 billion, a price-to-earnings ratio of -73.26 and a beta of 1.61.
Analyst Upgrades and Downgrades
A number of research analysts have commented on RBLX shares. Arete Research set a $116.00 price objective on shares of Roblox in a research note on Tuesday, September 9th. Roth Capital restated a “neutral” rating and issued a $146.00 price target on shares of Roblox in a research report on Friday, October 17th. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 price objective (up from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. Cowen reiterated a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Finally, Benchmark restated a “hold” rating on shares of Roblox in a research note on Friday, October 31st. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $136.41.
Get Our Latest Analysis on Roblox
Insider Activity at Roblox
In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $136.55, for a total value of $819,300.00. Following the completion of the transaction, the insider directly owned 278,642 shares of the company’s stock, valued at approximately $38,048,565.10. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Arvind Chakravarthy sold 20,552 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the sale, the insider directly owned 242,469 shares in the company, valued at $28,541,025.99. This trade represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 257,520 shares of company stock valued at $31,132,002. 12.92% of the stock is owned by corporate 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.
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