Dynamic Advisor Solutions LLC Has $267,000 Stake in Roblox Corporation (NYSE:RBLX)

Dynamic Advisor Solutions LLC decreased its stake in shares of Roblox Corporation (NYSE:RBLX) by 6.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,585 shares of the company’s stock after selling 301 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Roblox were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Roblox by 138.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 139,086 shares of the company’s stock worth $8,107,000 after buying an additional 80,804 shares during the period. Azzad Asset Management Inc. ADV acquired a new stake in Roblox in the 1st quarter valued at $280,000. NorthCrest Asset Manangement LLC acquired a new stake in Roblox in the 1st quarter valued at $710,000. Simon Quick Advisors LLC grew its position in Roblox by 17.7% in the 1st quarter. Simon Quick Advisors LLC now owns 5,783 shares of the company’s stock valued at $337,000 after purchasing an additional 868 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Roblox by 1,294.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 641,913 shares of the company’s stock valued at $37,417,000 after purchasing an additional 595,895 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 6,391 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total transaction of $515,498.06. Following the sale, the chief accounting officer now directly owns 73,931 shares in the company, valued at approximately $5,963,274.46. This represents a 7.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $99.75, for a total transaction of $14,962,500.00. Following the sale, the insider now owns 389,489 shares in the company, valued at $38,851,527.75. The trade was a 27.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,789,321 shares of company stock worth $490,045,042. 12.92% of the stock is owned by corporate insiders.

Roblox Stock Up 1.5%

RBLX opened at $102.61 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The stock has a market cap of $69.60 billion, a price-to-earnings ratio of -76.58 and a beta of 1.56. Roblox Corporation has a twelve month low of $34.62 and a twelve month high of $103.03. The company’s 50-day moving average price is $78.68 and its two-hundred day moving average price is $67.23.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.43) earnings per share. As a group, equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

RBLX has been the subject of several research reports. Macquarie lifted their price target on shares of Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Citigroup reissued an “overweight” rating on shares of Roblox in a research report on Monday. BMO Capital Markets reissued an “outperform” rating and issued a $95.00 price target (up previously from $82.00) on shares of Roblox in a research report on Friday, May 30th. Needham & Company LLC reissued a “buy” rating on shares of Roblox in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.04.

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.