Captrust Financial Advisors Acquires 4,230 Shares of Roblox Co. (NYSE:RBLX)

Captrust Financial Advisors increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 22.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,710 shares of the company’s stock after purchasing an additional 4,230 shares during the quarter. Captrust Financial Advisors’ holdings in Roblox were worth $1,314,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. MetLife Investment Management LLC increased its position in shares of Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after acquiring an additional 161 shares in the last quarter. Rakuten Securities Inc. lifted its position in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC lifted its position in Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after purchasing an additional 245 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Trading Up 2.5%

Shares of NYSE:RBLX opened at $78.96 on Thursday. Roblox Co. has a 52-week low of $31.55 and a 52-week high of $79.50. The company has a market capitalization of $49.74 billion, a P/E ratio of -54.45 and a beta of 1.46. The company has a 50-day simple moving average of $61.66 and a 200 day simple moving average of $60.14. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted ($0.43) earnings per share. The business’s revenue was up 30.6% on a year-over-year basis. Sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

RBLX has been the subject of several recent research reports. Barclays upped their price objective on Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating on shares of Roblox in a research report on Friday, May 2nd. Wedbush reiterated an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a report on Thursday, April 24th. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Finally, Oppenheimer increased their target price on shares of Roblox from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, May 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 one has given a strong buy rating to the company. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.68.

Insider Buying and Selling

In other news, CFO Michael Guthrie sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $61.14, for a total transaction of $3,057,000.00. Following the completion of the sale, the chief financial officer now owns 395,465 shares in the company, valued at approximately $24,178,730.10. This trade represents a 11.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 118,051 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $74.44, for a total transaction of $8,787,716.44. Following the completion of the transaction, the chief executive officer now owns 221,983 shares in the company, valued at approximately $16,524,414.52. This trade represents a 34.72% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,299,558 shares of company stock valued at $156,796,445. 22.15% of the stock is owned by insiders.

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.