Avantax Advisory Services Inc. Purchases 633 Shares of Roblox Corporation (NYSE:RBLX)

Avantax Advisory Services Inc. grew its position in shares of Roblox Corporation (NYSE:RBLX) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,048 shares of the company’s stock after buying an additional 633 shares during the period. Avantax Advisory Services Inc.’s holdings in Roblox were worth $411,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd increased its position in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after purchasing an additional 240 shares during the period. Larson Financial Group LLC increased its position in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after purchasing an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox in the first quarter worth $39,000. Colonial Trust Co SC bought a new position in shares of Roblox in the fourth quarter worth $41,000. Finally, TD Private Client Wealth LLC bought a new position in shares of Roblox in the first quarter worth $58,000. Institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 139,507 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $22,253,891.21. This trade represents a 39.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $118.51, for a total value of $711,060.00. Following the transaction, the insider owned 307,223 shares of the company’s stock, valued at $36,408,997.73. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,434,585 shares of company stock valued at $516,227,822. Company insiders own 12.92% of the company’s stock.

Roblox Stock Performance

Shares of RBLX stock opened at $134.28 on Thursday. The business’s 50-day moving average price is $107.85 and its 200-day moving average price is $79.92. Roblox Corporation has a 12 month low of $36.07 and a 12 month high of $150.59. The firm has a market capitalization of $86.61 billion, a price-to-earnings ratio of -93.90 and a beta of 1.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted ($0.32) earnings per share. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. Equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on Roblox from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Wedbush raised their price target on Roblox from $142.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. BTIG Research set a $131.00 price target on Roblox and gave the stock a “buy” rating in a research report on Monday, July 28th. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Canaccord Genuity Group raised their price target on Roblox from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.59.

Roblox Company 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.