Roblox Co. (NYSE:RBLX) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its position in Roblox Co. (NYSE:RBLX) by 32.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,020 shares of the company’s stock after acquiring an additional 4,654 shares during the period. Cerity Partners LLC’s holdings in Roblox were worth $856,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Roblox by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock valued at $36,481,000 after buying an additional 39,203 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Roblox by 7.9% during the first quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock worth $860,000 after acquiring an additional 1,361 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Roblox by 949.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock valued at $928,000 after purchasing an additional 18,150 shares in the last quarter. BlackRock Inc. raised its position in shares of 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 purchasing an additional 226,029 shares during the last quarter. Finally, Cibc World Market Inc. grew its holdings in Roblox by 62.0% during the 1st quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock valued at $4,277,000 after buying an additional 35,412 shares during the last quarter. 69.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Michael Guthrie sold 14,363 shares of Roblox stock in a transaction on Monday, August 21st. The stock was sold at an average price of $27.14, for a total transaction of $389,811.82. Following the completion of the sale, the chief financial officer now owns 272,937 shares of the company’s stock, valued at $7,407,510.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Roblox news, CFO Michael Guthrie sold 14,363 shares of Roblox stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $27.14, for a total value of $389,811.82. Following the completion of the sale, the chief financial officer now directly owns 272,937 shares in the company, valued at $7,407,510.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory Baszucki sold 8,333 shares of Roblox stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $41.28, for a total transaction of $343,986.24. Following the completion of the sale, the director now owns 9,871,934 shares of the company’s stock, valued at $407,513,435.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 981,875 shares of company stock worth $32,192,224. 27.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RBLX shares. Deutsche Bank Aktiengesellschaft cut their price target on Roblox from $55.00 to $45.00 in a report on Thursday, August 10th. Morgan Stanley raised shares of Roblox from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $26.00 to $30.00 in a research note on Thursday, August 10th. Barclays cut their price objective on shares of Roblox from $32.00 to $26.00 and set an “underweight” rating for the company in a research report on Thursday, August 10th. Roth Mkm upgraded shares of Roblox from a “neutral” rating to a “buy” rating and raised their target price for the stock from $37.00 to $48.00 in a research report on Thursday, May 11th. Finally, VNET Group reiterated a “maintains” rating on shares of Roblox in a report on Monday, May 8th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has an average rating of “Hold” and a consensus price target of $38.04.

Roblox Stock Performance

Shares of RBLX opened at $28.44 on Monday. The business’s 50-day moving average is $36.19 and its 200-day moving average is $39.04. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 6.12. Roblox Co. has a fifty-two week low of $25.32 and a fifty-two week high of $47.67.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.46) EPS for the quarter, hitting the consensus estimate of ($0.46). The business had revenue of $780.69 million during the quarter, compared to analysts’ expectations of $784.99 million. Roblox had a negative net margin of 46.81% and a negative return on equity of 399.93%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company posted ($0.30) earnings per share. On average, analysts anticipate that Roblox Co. will post -1.91 EPS for the current fiscal year.

Roblox Company Profile

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.