McKinley Carter Wealth Services Inc. acquired a new position in Roblox Corporation (NYSE:RBLX – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,486 shares of the company’s stock, valued at approximately $262,000.
Other large investors also recently modified their holdings of the company. ORG Partners LLC bought a new stake in shares of Roblox in the second quarter worth $33,000. Fifth Third Bancorp grew its holdings in Roblox by 124.7% during the second quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock valued at $56,000 after purchasing an additional 298 shares during the period. Larson Financial Group LLC grew its holdings in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Roblox by 82.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company’s stock valued at $72,000 after purchasing an additional 310 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Roblox by 21.4% during the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company’s stock valued at $84,000 after purchasing an additional 141 shares during the period. Institutional investors own 94.46% of the company’s stock.
Roblox Price Performance
Shares of Roblox stock opened at $126.77 on Friday. The stock’s 50-day simple moving average is $128.96 and its 200-day simple moving average is $101.12. Roblox Corporation has a 52 week low of $39.30 and a 52 week high of $150.59. The company has a market capitalization of $81.77 billion, a price-to-earnings ratio of -88.65 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.
Wall Street Analyst Weigh In
RBLX has been the subject of several recent research reports. Raymond James Financial lowered Roblox from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Arete Research set a $116.00 price target on Roblox in a report on Tuesday, September 9th. Cowen reissued a “sell” rating on shares of Roblox in a report on Monday, August 18th. Needham & Company LLC boosted their price target on Roblox from $79.00 to $159.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Wall Street Zen lowered Roblox from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.84.
Check Out Our Latest Analysis on RBLX
Insider Buying and Selling
In related news, CAO Amy Marie Rawlings sold 6,567 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the sale, the chief accounting officer directly owned 46,866 shares in the company, valued at approximately $5,516,596.86. The trade was a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total value of $8,997,780.00. Following the completion of the sale, the director owned 270,628 shares in the company, valued at $36,894,715.24. This represents a 19.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 372,876 shares of company stock valued at $48,196,989 in the last ninety days. Company insiders own 12.92% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Roblox
- Health Care Stocks Explained: Why You Might Want to Invest
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- Insider Trading – What You Need to Know
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- Buy P&G Now, Before It Sets A New All-Time High
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.