Roblox Co. (NYSE:RBLX) Holdings Raised by Cwm LLC

Cwm LLC grew its position in Roblox Co. (NYSE:RBLXGet Rating) by 15.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,982 shares of the company’s stock after acquiring an additional 529 shares during the quarter. Cwm LLC’s holdings in Roblox were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Roblox by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock worth $36,481,000 after buying an additional 39,203 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Roblox by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock worth $860,000 after buying an additional 1,361 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Roblox by 949.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock worth $928,000 after buying an additional 18,150 shares during the last quarter. BlackRock Inc. grew its stake in Roblox by 265.4% during the 1st quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock worth $14,390,000 after buying an additional 226,029 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in Roblox by 62.0% during the 1st quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock worth $4,277,000 after buying an additional 35,412 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Roblox from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, November 14th. Needham & Company LLC lowered their price objective on Roblox from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, November 10th. Cowen reduced their price target on Roblox to $27.00 in a research report on Tuesday, November 15th. Jefferies Financial Group reduced their price target on Roblox from $43.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, October 14th. Finally, DA Davidson reduced their price target on Roblox from $55.00 to $50.00 in a research report on Thursday, November 10th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Roblox has a consensus rating of “Hold” and an average target price of $35.41.

Roblox Price Performance

RBLX stock opened at $33.21 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.33. Roblox Co. has a one year low of $21.65 and a one year high of $82.45. The firm has a market capitalization of $18.25 billion, a PE ratio of -25.16 and a beta of 1.53. The firm has a 50-day moving average of $31.10 and a two-hundred day moving average of $37.54.

Roblox (NYSE:RBLXGet Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.14). The company had revenue of $701.72 million during the quarter, compared to analysts’ expectations of $694.88 million. Roblox had a negative return on equity of 145.60% and a negative net margin of 35.12%. On average, analysts forecast that Roblox Co. will post -1.58 earnings per share for the current year.

Insider Transactions at Roblox

In other news, CFO Michael Guthrie sold 7,769 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $30.14, for a total value of $234,157.66. Following the completion of the sale, the chief financial officer now directly owns 193,137 shares of the company’s stock, valued at $5,821,149.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Michael Guthrie sold 7,769 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $30.14, for a total value of $234,157.66. Following the completion of the sale, the chief financial officer now directly owns 193,137 shares of the company’s stock, valued at $5,821,149.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 550,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $31.85, for a total transaction of $17,517,500.00. Following the completion of the sale, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $31.85. The disclosure for this sale can be found here. Insiders sold 588,999 shares of company stock valued at $18,716,898 over the last three months. 28.22% of the stock is owned by corporate insiders.

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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