Roblox Corporation $RBLX Shares Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC boosted its position in Roblox Corporation (NYSE:RBLX) by 54.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,959 shares of the company’s stock after buying an additional 22,542 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Roblox were worth $8,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Family Wealth Partners LLC purchased a new stake in shares of Roblox in the 3rd quarter valued at $224,000. Kingsview Wealth Management LLC boosted its holdings in Roblox by 32.0% in the third quarter. Kingsview Wealth Management LLC now owns 3,579 shares of the company’s stock valued at $496,000 after purchasing an additional 868 shares during the last quarter. Elo Mutual Pension Insurance Co grew its position in Roblox by 17.0% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 53,624 shares of the company’s stock worth $7,428,000 after purchasing an additional 7,791 shares during the period. Journey Strategic Wealth LLC purchased a new position in shares of Roblox during the 3rd quarter valued at about $277,000. Finally, APG Asset Management N.V. raised its position in Roblox by 5.6% during the third quarter. APG Asset Management N.V. now owns 38,846 shares of the company’s stock valued at $5,381,000 after acquiring an additional 2,045 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Roblox news, CEO David Baszucki sold 272,269 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the transaction, the chief executive officer owned 811,373 shares of the company’s stock, valued at approximately $58,954,362.18. The trade was a 25.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 30,034 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the sale, the insider owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 703,144 shares of company stock valued at $51,681,640 in the last 90 days. 12.92% of the stock is owned by insiders.

Roblox Stock Performance

RBLX opened at $67.44 on Tuesday. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The firm has a market capitalization of $44.62 billion, a PE ratio of -43.51 and a beta of 1.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The firm’s 50-day moving average price is $73.34 and its 200 day moving average price is $100.93.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The business’s revenue was up 122.6% on a year-over-year basis. During the same period last year, the company posted ($0.33) EPS. As a group, sell-side analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the subject of a number of recent analyst reports. Barclays cut their price objective on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Roth Mkm upgraded shares of Roblox from a “neutral” rating to a “buy” rating and lifted their target price for the company from $78.00 to $84.00 in a research report on Monday, February 9th. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a research report on Friday, February 6th. The Goldman Sachs Group decreased their price target on shares of Roblox from $180.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Oppenheimer cut their price objective on Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.44.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.