Amalgamated Bank Purchases 1,930 Shares of Roblox Corporation (NYSE:RBLX)

Amalgamated Bank lifted its position in shares of Roblox Corporation (NYSE:RBLX) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,201 shares of the company’s stock after acquiring an additional 1,930 shares during the period. Amalgamated Bank’s holdings in Roblox were worth $2,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. MetLife Investment Management LLC raised its position in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock valued at $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after buying an additional 195 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after buying an additional 240 shares in the last quarter. Atala Financial Inc lifted its position in shares of Roblox by 0.6% during the 1st quarter. Atala Financial Inc now owns 50,403 shares of the company’s stock worth $2,941,000 after buying an additional 292 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its stake in Roblox by 2.5% in the first quarter. Moss Adams Wealth Advisors LLC now owns 13,614 shares of the company’s stock valued at $794,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RBLX. Bank of America increased their target price on shares of Roblox from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. Needham & Company LLC reiterated a “buy” rating on shares of Roblox in a research report on Friday, May 2nd. Roth Mkm raised their target price on shares of Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of Roblox from $78.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, June 27th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $105.00 price target (up from $85.00) on shares of Roblox in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.52.

Roblox Price Performance

Shares of NYSE RBLX opened at $103.57 on Friday. The firm has a market capitalization of $70.25 billion, a P/E ratio of -77.29 and a beta of 1.60. The firm’s 50-day moving average price is $88.07 and its 200-day moving average price is $70.75. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a 1-year low of $35.30 and a 1-year high of $106.17.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned ($0.43) earnings per share. The company’s quarterly revenue was up 30.6% on a year-over-year basis. Equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the transaction, the chief executive officer directly owned 221,983 shares in the company, valued at $16,024,952.77. This trade represents a 86.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 6,868,857 shares of company stock valued at $604,140,707 over the last 90 days. 12.92% of the stock is currently owned by company insiders.

About Roblox

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.