Roblox Corporation (NYSE:RBLX) Shares Purchased by KG&L Capital Management LLC

KG&L Capital Management LLC boosted its holdings in Roblox Corporation (NYSE:RBLX) by 8.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,991 shares of the company’s stock after buying an additional 900 shares during the period. KG&L Capital Management LLC’s holdings in Roblox were worth $641,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Roblox by 53.9% during the 4th quarter. Principal Financial Group Inc. now owns 279,849 shares of the company’s stock worth $16,192,000 after purchasing an additional 98,041 shares during the period. Sigma Planning Corp grew its stake in shares of Roblox by 63.7% in the fourth quarter. Sigma Planning Corp now owns 11,165 shares of the company’s stock valued at $646,000 after buying an additional 4,343 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Roblox by 18.0% during the 4th quarter. IFP Advisors Inc now owns 2,926 shares of the company’s stock valued at $169,000 after buying an additional 447 shares during the period. Bank of New York Mellon Corp lifted its position in Roblox by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,736,556 shares of the company’s stock worth $100,477,000 after acquiring an additional 9,481 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Roblox by 3.7% in the 4th quarter. Amalgamated Bank now owns 35,271 shares of the company’s stock worth $2,041,000 after acquiring an additional 1,256 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on RBLX. Oppenheimer reaffirmed an “outperform” rating and set a $125.00 price target (up from $80.00) on shares of Roblox in a report on Wednesday, June 18th. Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $95.00 target price (up from $82.00) on shares of Roblox in a research report on Friday, May 30th. Morgan Stanley decreased their price target on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Citigroup reaffirmed an “overweight” rating on shares of Roblox in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.04.

Roblox Price Performance

NYSE RBLX opened at $102.78 on Thursday. Roblox Corporation has a 1 year low of $35.27 and a 1 year high of $105.30. The business’s fifty day moving average is $82.30 and its two-hundred day moving average is $68.52. The stock has a market capitalization of $69.71 billion, a P/E ratio of -76.70 and a beta of 1.56. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.43) EPS. On average, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 21,200 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the transaction, the director now directly owns 6,589,757 shares of the company’s stock, valued at approximately $404,413,387.09. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the transaction, the insider now directly owns 364,244 shares in the company, valued at $21,122,509.56. This trade represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,423,995 shares of company stock valued at $553,916,033 over the last quarter. Company insiders own 12.92% of the company’s stock.

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.