Strategic Family Wealth Counselors L.L.C. Sells 42,726 Shares of Roblox Corporation $RBLX

Strategic Family Wealth Counselors L.L.C. reduced its position in Roblox Corporation (NYSE:RBLX) by 16.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 218,732 shares of the company’s stock after selling 42,726 shares during the period. Roblox comprises approximately 2.2% of Strategic Family Wealth Counselors L.L.C.’s holdings, making the stock its 16th biggest holding. Strategic Family Wealth Counselors L.L.C.’s holdings in Roblox were worth $9,268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. lifted its stake in shares of Roblox by 21.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,152 shares of the company’s stock worth $50,000 after purchasing an additional 204 shares during the period. Stonekeep Investments LLC grew its position in shares of Roblox by 2.4% in the second quarter. Stonekeep Investments LLC now owns 9,070 shares of the company’s stock valued at $493,000 after purchasing an additional 213 shares during the period. Activest Wealth Management grew its position in shares of Roblox by 72.9% in the third quarter. Activest Wealth Management now owns 588 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares during the period. Basecamp Wealth Advisors LLC grew its position in shares of Roblox by 98.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $29,000 after purchasing an additional 252 shares during the period. Finally, Root Financial Partners LLC increased its stake in Roblox by 100.7% in the first quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 283 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Shares of NYSE:RBLX opened at $43.01 on Monday. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $28.87 billion, a PE ratio of -31.17 and a beta of 1.45. The stock has a fifty day moving average of $46.34 and a 200-day moving average of $52.69. Roblox Corporation has a one year low of $33.88 and a one year high of $119.85.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.11. Roblox had a negative return on equity of 303.93% and a negative net margin of 16.48%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the business posted ($0.37) EPS. Roblox’s revenue was up 15.6% on a year-over-year basis. As a group, equities analysts anticipate that Roblox Corporation will post -1.41 EPS for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, CFO Naveen Chopra sold 17,509 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total transaction of $664,641.64. Following the transaction, the chief financial officer directly owned 363,249 shares of the company’s stock, valued at $13,788,932.04. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $40.47, for a total value of $674,473.02. Following the completion of the sale, the director directly owned 1,261,169 shares in the company, valued at approximately $51,039,509.43. This represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 186,390 shares of company stock worth $7,283,371 over the last quarter. 10.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RBLX. Wells Fargo & Company downgraded Roblox from an “overweight” rating to a “cautious” rating in a research report on Monday, October 12th. Canaccord Genuity Group set a $58.00 target price on Roblox in a research note on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Roblox in a research report on Friday. Piper Sandler restated a “neutral” rating and issued a $47.00 target price (down from $50.00) on shares of Roblox in a research note on Friday, July 31st. Finally, Roth Capital reaffirmed a “buy” rating and set a $84.00 target price (up from $78.00) on shares of Roblox in a report on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.19.

About Roblox

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.