Roblox Co. (NYSE:RBLX) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its position in shares of Roblox Co. (NYSE:RBLXFree Report) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 351,202 shares of the company’s stock after selling 10,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Roblox worth $14,435,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Roblox during the 4th quarter worth $25,000. Blue Trust Inc. raised its position in Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after acquiring an additional 912 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Roblox in the first quarter valued at about $52,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Roblox by 306.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,483 shares of the company’s stock valued at $56,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after purchasing an additional 587 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Up 2.4 %

NYSE RBLX traded up $0.91 on Friday, reaching $38.68. The company had a trading volume of 4,445,726 shares, compared to its average volume of 4,974,143. The firm has a market capitalization of $22.87 billion, a PE ratio of -20.80 and a beta of 1.59. The firm has a 50-day moving average of $35.22 and a 200-day moving average of $38.52. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07.

Roblox (NYSE:RBLXGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.10. The firm had revenue of $923.76 million for the quarter, compared to the consensus estimate of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.44) EPS. On average, equities research analysts anticipate that Roblox Co. will post -1.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $36.67, for a total transaction of $476,710.00. Following the completion of the sale, the director now owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Roblox news, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total transaction of $476,710.00. Following the transaction, the director now directly owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 100,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $38.31, for a total transaction 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 approximately $5,702,251.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 384,221 shares of company stock worth $13,647,585. 22.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RBLX has been the topic of a number of recent research reports. Needham & Company LLC lowered their target price on Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 10th. JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $41.00 to $48.00 in a research report on Tuesday, April 23rd. Macquarie started coverage on shares of Roblox in a research note on Friday, June 14th. They issued an “outperform” rating and a $46.00 target price for the company. Morgan Stanley decreased their price objective on Roblox from $42.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $35.00 target price (down from $55.00) on shares of Roblox in a research note on Tuesday, May 14th. Seven 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.14.

Check Out Our Latest Report on Roblox

Roblox 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.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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