Roblox Corporation $RBLX Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in shares of Roblox Corporation (NYSE:RBLX) by 674.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,392 shares of the company’s stock after purchasing an additional 10,791 shares during the period. Farther Finance Advisors LLC’s holdings in Roblox were worth $1,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after buying an additional 231 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after acquiring an additional 5,363 shares in the last quarter. CW Advisors LLC acquired a new position in shares of Roblox during the 2nd quarter worth about $272,000. Baird Financial Group Inc. increased its holdings in shares of Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after acquiring an additional 102 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Roblox in the 2nd quarter valued at about $438,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,181,970.10. Following the transaction, the insider directly owned 307,263 shares of the company’s stock, valued at $22,322,656.95. The trade was a 8.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Reinstra sold 60,000 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the completion of the sale, the insider owned 394,322 shares of the company’s stock, valued at approximately $25,212,948.68. This trade represents a 13.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 551,996 shares of company stock valued at $38,421,146. 12.92% of the stock is owned by company insiders.

Roblox Stock Down 2.4%

Shares of NYSE RBLX opened at $59.79 on Thursday. The business has a 50-day moving average price of $60.33 and a 200 day moving average price of $82.84. The stock has a market cap of $39.98 billion, a PE ratio of -38.57 and a beta of 1.67. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 52-week low of $51.23 and a 52-week high of $150.59.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the previous year, the company posted ($0.33) earnings per share. The firm’s revenue was up 122.6% compared to the same quarter last year. Equities research analysts forecast that Roblox Corporation will post -1.61 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RBLX shares. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. Freedom Capital upgraded shares of Roblox from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. DA Davidson began coverage on shares of Roblox in a report on Wednesday, March 4th. They set a “neutral” rating and a $65.00 price objective on the stock. UBS Group set a $74.00 price objective on shares of Roblox in a research report on Friday, February 6th. Finally, Jefferies Financial Group set a $85.00 target price on shares of Roblox in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.16.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.