Schroder Investment Management Group Acquires 12,738 Shares of Roblox Co. (NYSE:RBLX)

Schroder Investment Management Group increased its holdings in shares of Roblox Co. (NYSE:RBLXFree Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 521,528 shares of the company’s stock after purchasing an additional 12,738 shares during the quarter. Schroder Investment Management Group owned 0.09% of Roblox worth $23,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Roblox during the fourth quarter valued at $25,000. Blue Trust Inc. lifted its holdings in shares of Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after purchasing an additional 912 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after purchasing an additional 587 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Roblox during the fourth quarter valued at $58,000. Finally, Principal Securities Inc. purchased a new stake in Roblox during the fourth quarter valued at $59,000. 91.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price objective on shares of Roblox in a research report on Monday, April 22nd. BTIG Research reduced their price objective on Roblox from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, May 10th. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price objective (down previously from $57.00) on shares of Roblox in a research report on Monday, May 13th. Wells Fargo & Company reduced their price objective on Roblox from $50.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Finally, Roth Capital cut Roblox from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.76.

Read Our Latest Stock Report on RBLX

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $36.50, for a total transaction of $146,000.00. Following the completion of the transaction, the insider now directly owns 359,453 shares of the company’s stock, valued at $13,120,034.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Mark Reinstra sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $36.50, for a total value of $146,000.00. Following the completion of the sale, the insider now directly owns 359,453 shares of the company’s stock, valued at approximately $13,120,034.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $38.31, for a total value of $3,831,000.00. Following the completion of the sale, the chief executive officer now directly owns 148,845 shares of the company’s stock, valued at $5,702,251.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 293,221 shares of company stock valued at $10,557,577. Insiders own 22.15% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $34.99 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The stock has a 50-day moving average price of $35.40 and a 200 day moving average price of $39.13.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The company had revenue of $923.76 million during the quarter, compared to analyst estimates of $918.85 million. During the same period in the prior year, the company earned ($0.44) earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts expect that Roblox Co. will post -1.7 earnings per share for the current fiscal year.

Roblox Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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