Baird Financial Group Inc. Purchases 545 Shares of Roblox Co. (NYSE:RBLX)

Baird Financial Group Inc. boosted its position in shares of Roblox Co. (NYSE:RBLXGet Rating) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,135 shares of the company’s stock after purchasing an additional 545 shares during the quarter. Baird Financial Group Inc.’s holdings in Roblox were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highlander Capital Management LLC bought a new stake in Roblox during the 1st quarter worth about $25,000. FinTrust Capital Advisors LLC raised its holdings in Roblox by 412.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 640 shares of the company’s stock worth $25,000 after purchasing an additional 515 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in Roblox during the 1st quarter worth about $32,000. RE Dickinson Investment Advisors LLC bought a new stake in Roblox during the 1st quarter worth about $33,000. Finally, Future Financial Wealth Managment LLC increased its stake in shares of Roblox by 117.6% in the 1st quarter. Future Financial Wealth Managment LLC now owns 925 shares of the company’s stock valued at $43,000 after acquiring an additional 500 shares during the last quarter. 69.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Craig Donato sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $37.31, for a total transaction of $74,620.00. Following the sale, the insider now owns 1,168,941 shares in the company, valued at approximately $43,613,188.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Craig Donato sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $37.31, for a total transaction of $74,620.00. Following the sale, the insider now owns 1,168,941 shares in the company, valued at approximately $43,613,188.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Reinstra sold 6,737 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $41.52, for a total value of $279,720.24. Following the sale, the insider now owns 177,089 shares in the company, valued at approximately $7,352,735.28. The disclosure for this sale can be found here. Insiders sold a total of 611,508 shares of company stock valued at $25,411,808 in the last quarter. 28.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RBLX shares. Moffett Nathanson started coverage on Roblox in a research note on Monday, October 3rd. They issued an “underperform” rating and a $19.00 price target for the company. MKM Partners lowered their price target on Roblox from $40.00 to $35.00 in a research note on Friday, November 11th. Piper Sandler lowered their price target on Roblox from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. Wolfe Research started coverage on Roblox in a research note on Tuesday, August 16th. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group lowered their price target on Roblox from $43.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, October 14th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.26.

Roblox Trading Down 2.5 %

NYSE:RBLX opened at $31.72 on Friday. Roblox Co. has a twelve month low of $21.65 and a twelve month high of $141.60. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.33. The business has a 50 day moving average price of $39.32 and a two-hundred day moving average price of $37.50. The company has a market cap of $17.43 billion, a P/E ratio of -24.03 and a beta of 1.87.

Roblox 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.

Further Reading

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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