Roblox Co. (NYSE:RBLX) Position Increased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 12.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,219 shares of the company’s stock after purchasing an additional 708 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Roblox were worth $275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of RBLX. Trajan Wealth LLC raised its holdings in shares of Roblox by 5.5% during the 3rd quarter. Trajan Wealth LLC now owns 310,836 shares of the company’s stock valued at $13,758,000 after purchasing an additional 16,315 shares in the last quarter. Sicart Associates LLC bought a new stake in shares of Roblox during the third quarter valued at approximately $218,000. Smith Group Asset Management LLC acquired a new position in shares of Roblox in the 3rd quarter valued at $294,000. Pallas Capital Advisors LLC acquired a new position in shares of Roblox in the 3rd quarter worth approximately $434,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Roblox by 266.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 34,851 shares of the company’s stock worth $1,542,000 after acquiring an additional 25,333 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 200,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the transaction, the director now owns 4,707,579 shares in the company, valued at $236,932,451.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the sale, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 200,000 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now owns 4,707,579 shares in the company, valued at $236,932,451.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 989,341 shares of company stock valued at $44,391,412 in the last quarter. 22.15% of the stock is owned by insiders.

Analysts Set New Price Targets

RBLX has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a research note on Friday, October 25th. Jefferies Financial Group began coverage on shares of Roblox in a report on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price on the stock. Needham & Company LLC boosted their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler increased their target price on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wolfe Research initiated coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.80.

Roblox Stock Down 2.8 %

RBLX opened at $50.00 on Tuesday. The stock has a market cap of $29.93 billion, a PE ratio of -30.49 and a beta of 1.56. The business’s fifty day simple moving average is $43.79 and its 200 day simple moving average is $39.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $53.07.

Roblox (NYSE:RBLX) last announced its quarterly earnings results 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. Roblox had a negative net margin of 30.90% and a negative return on equity of 1,283.93%. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted ($0.45) EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts expect that Roblox Co. will post -1.58 earnings per share for the current fiscal year.

About Roblox

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.