Roblox Corporation $RBLX Stock Purchased by Krilogy Financial LLC

Krilogy Financial LLC raised its stake in Roblox Corporation (NYSE:RBLX) by 29.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 47,093 shares of the company’s stock after purchasing an additional 10,756 shares during the period. Krilogy Financial LLC’s holdings in Roblox were worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Amundi grew its holdings in shares of Roblox by 83.7% during the first quarter. Amundi now owns 5,774,151 shares of the company’s stock worth $326,586,000 after purchasing an additional 2,631,074 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Roblox by 89.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,893,790 shares of the company’s stock valued at $102,984,000 after purchasing an additional 891,634 shares during the last quarter. Spyglass Capital Management LLC purchased a new stake in shares of Roblox in the 1st quarter valued at about $44,116,000. Allspring Global Investments Holdings LLC boosted its position in shares of Roblox by 379.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 921,424 shares of the company’s stock valued at $53,102,000 after purchasing an additional 729,379 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Roblox by 192.7% in the 1st quarter. Sei Investments Co. now owns 1,080,310 shares of the company’s stock valued at $61,102,000 after purchasing an additional 711,259 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other news, CEO David Baszucki sold 52,568 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $1,995,481.28. Following the completion of the sale, the chief executive officer owned 799,646 shares in the company, valued at approximately $30,354,562.16. This trade represents a 6.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Naveen Chopra sold 17,509 shares of Roblox stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $664,641.64. Following the completion of the sale, the chief financial officer directly owned 363,249 shares in the company, valued at approximately $13,788,932.04. The trade was a 4.60% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 186,390 shares of company stock worth $7,283,371. 10.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on RBLX shares. TD Cowen cut their price target on Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Wedbush increased their price objective on Roblox from $40.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, September 14th. Oppenheimer restated an “outperform” rating on shares of Roblox in a research report on Friday, September 11th. Deutsche Bank Aktiengesellschaft cut shares of Roblox from a “buy” rating to a “hold” rating and cut their target price for the company from $56.00 to $38.00 in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.96.

Roblox Price Performance

Shares of NYSE RBLX opened at $51.19 on Friday. The company has a debt-to-equity ratio of 7.82, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a fifty day moving average price of $43.34 and a 200 day moving average price of $47.73. Roblox Corporation has a 1-year low of $33.88 and a 1-year high of $139.01. The company has a market cap of $34.30 billion, a PE ratio of -35.80 and a beta of 1.47.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.08. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. Roblox’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.41) EPS. Sell-side analysts forecast that Roblox Corporation will post -1.39 EPS for the current year.

Roblox Company Profile

Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.

Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.