Roblox Co. (NYSE:RBLX) Shares Bought by abrdn plc

abrdn plc grew its position in shares of Roblox Co. (NYSE:RBLX) by 105.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,420 shares of the company’s stock after acquiring an additional 80,896 shares during the quarter. abrdn plc’s holdings in Roblox were worth $7,197,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Global Retirement Partners LLC lifted its holdings in Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after purchasing an additional 320 shares during the period. Independent Advisor Alliance lifted its holdings in Roblox by 3.1% in the third quarter. Independent Advisor Alliance now owns 11,851 shares of the company’s stock worth $343,000 after purchasing an additional 352 shares during the period. Signaturefd LLC lifted its holdings in Roblox by 9.3% in the third quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after purchasing an additional 352 shares during the period. Sepio Capital LP lifted its holdings in Roblox by 3.0% in the third quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock worth $374,000 after purchasing an additional 382 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Roblox by 0.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after purchasing an additional 458 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Trading Up 1.3 %

Shares of NYSE RBLX opened at $35.98 on Friday. The business has a 50 day simple moving average of $38.53 and a 200 day simple moving average of $39.00. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07.

Roblox (NYSE:RBLX) last announced its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.48) earnings per share. As a group, sell-side analysts forecast that Roblox Co. will post -2.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.09, for a total transaction of $8,818,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at $44.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David Baszucki sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.09, for a total transaction of $8,818,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1 shares in the company, valued at $44.09. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $35.08, for a total value of $456,040.00. Following the transaction, the director now owns 9,747,603 shares of the company’s stock, valued at $341,945,913.24. The disclosure for this sale can be found here. Insiders sold 712,374 shares of company stock valued at $29,639,338 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on RBLX. Roth Mkm boosted their price target on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and set a $53.00 price objective on shares of Roblox in a report on Monday, April 22nd. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of Roblox in a report on Tuesday. Wedbush boosted their price objective on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.60.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.