Roblox Co. (NYSE:RBLX) Stake Trimmed by Peterson Wealth Management

Peterson Wealth Management lowered its stake in Roblox Co. (NYSE:RBLX) by 25.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,035 shares of the company’s stock after selling 10,000 shares during the quarter. Peterson Wealth Management’s holdings in Roblox were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its stake in Roblox by 31.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock valued at $106,000 after acquiring an additional 672 shares in the last quarter. Janus Henderson Group PLC grew its stake in Roblox by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock valued at $1,890,000 after acquiring an additional 9,159 shares in the last quarter. California State Teachers Retirement System grew its stake in Roblox by 0.8% during the 1st quarter. California State Teachers Retirement System now owns 669,967 shares of the company’s stock valued at $25,579,000 after acquiring an additional 5,621 shares in the last quarter. Swedbank AB purchased a new position in Roblox during the 1st quarter valued at about $2,024,000. Finally, Cetera Advisors LLC grew its stake in Roblox by 45.2% during the 1st quarter. Cetera Advisors LLC now owns 17,279 shares of the company’s stock valued at $660,000 after acquiring an additional 5,377 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

RBLX opened at $49.37 on Friday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day moving average of $46.21 and a 200-day moving average of $41.27.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.45) earnings per share. On average, equities analysts expect that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the completion of the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at $5,722,073.25. This trade represents a 55.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at approximately $14,643,026. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,013,607 shares of company stock valued at $48,434,122 over the last ninety days. 22.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RBLX. Benchmark lifted their target price on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BTIG Research boosted their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group boosted their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wedbush reissued an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research note on Friday, October 25th. Finally, Needham & Company LLC boosted their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

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.