Northwestern Mutual Wealth Management Co. Grows Stake in Roblox Co. (NYSE:RBLX)

Northwestern Mutual Wealth Management Co. lifted its position in Roblox Co. (NYSE:RBLXGet Rating) by 35.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,743 shares of the company’s stock after buying an additional 3,568 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Roblox were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of RBLX. Wetherby Asset Management Inc. lifted its position in Roblox by 7.4% during the first quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company’s stock valued at $202,000 after purchasing an additional 300 shares in the last quarter. EP Wealth Advisors LLC lifted its position in Roblox by 3.0% during the first quarter. EP Wealth Advisors LLC now owns 11,902 shares of the company’s stock valued at $550,000 after purchasing an additional 342 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in Roblox by 4.5% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 8,118 shares of the company’s stock valued at $267,000 after purchasing an additional 348 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Roblox by 2.2% during the second quarter. Geneos Wealth Management Inc. now owns 16,652 shares of the company’s stock valued at $583,000 after purchasing an additional 351 shares in the last quarter. Finally, Family Legacy Inc. lifted its position in Roblox by 4.6% during the second quarter. Family Legacy Inc. now owns 8,270 shares of the company’s stock valued at $316,000 after purchasing an additional 364 shares in the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the topic of several analyst reports. Bank of America raised their price target on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, July 14th. Piper Sandler initiated coverage on Roblox in a report on Wednesday, October 26th. They set an “overweight” rating and a $54.00 price target on the stock. MKM Partners raised their price target on Roblox from $28.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on Roblox from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, August 12th. Finally, DA Davidson initiated coverage on Roblox in a report on Wednesday, October 26th. They set a “buy” rating and a $55.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Roblox presently has an average rating of “Hold” and an average target price of $43.18.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $40.58 on Monday. Roblox Co. has a 1 year low of $21.65 and a 1 year high of $141.60. The business has a 50 day simple moving average of $39.97 and a two-hundred day simple moving average of $37.40. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.65 and a current ratio of 1.65.

Roblox (NYSE:RBLXGet Rating) last announced its earnings results on Tuesday, August 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.07). Roblox had a negative net margin of 25.11% and a negative return on equity of 95.60%. The business had revenue of $639.90 million for the quarter, compared to analysts’ expectations of $625.43 million. During the same quarter last year, the firm earned ($0.25) EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Equities analysts anticipate that Roblox Co. will post -1.34 EPS for the current year.

Insider Activity at Roblox

In related news, insider Barbara Messing sold 21,622 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $45.04, for a total value of $973,854.88. Following the completion of the sale, the insider now owns 152,936 shares in the company, valued at $6,888,237.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Michael Guthrie sold 7,437 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $41.52, for a total value of $308,784.24. Following the completion of the transaction, the chief financial officer now owns 200,906 shares of the company’s stock, valued at $8,341,617.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Barbara Messing sold 21,622 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $45.04, for a total value of $973,854.88. Following the transaction, the insider now directly owns 152,936 shares in the company, valued at $6,888,237.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 711,960 shares of company stock worth $30,460,362. Company insiders own 28.22% of the company’s stock.

Roblox Company Profile

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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