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

Captrust Financial Advisors increased its position in shares of Roblox Co. (NYSE:RBLX) by 22.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,710 shares of the company’s stock after purchasing an additional 4,230 shares during the period. Captrust Financial Advisors’ holdings in Roblox were worth $1,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in Roblox by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,249 shares of the company’s stock worth $2,040,000 after purchasing an additional 398 shares during the period. Claro Advisors LLC bought a new position in shares of Roblox during the 4th quarter worth approximately $205,000. Apella Capital LLC bought a new position in shares of Roblox during the 4th quarter worth approximately $224,000. Yarbrough Capital LLC bought a new stake in Roblox in the fourth quarter valued at $205,000. Finally, Avanza Fonder AB bought a new stake in Roblox in the fourth quarter valued at $5,631,000. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Up 2.5%

Shares of NYSE RBLX opened at $78.96 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market capitalization of $49.74 billion, a PE ratio of -54.45 and a beta of 1.46. The firm’s 50-day moving average is $61.66 and its 200-day moving average is $60.14. Roblox Co. has a 1 year low of $31.55 and a 1 year high of $79.50.

Roblox (NYSE:RBLX) last announced 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. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the firm earned ($0.43) earnings per share. Equities analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the sale, the chief accounting officer now owns 75,583 shares of the company’s stock, valued at approximately $4,636,261.22. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony P. Lee sold 12,800 shares of Roblox stock in a transaction on Monday, May 12th. The stock was sold at an average price of $73.46, for a total transaction of $940,288.00. Following the transaction, the director now directly owns 296,584 shares in the company, valued at approximately $21,787,060.64. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,299,558 shares of company stock worth $156,796,445 in the last three months. Insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RBLX. Barclays upped their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Macquarie upped their price objective on shares of Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Morgan Stanley cut their target price on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating on shares of Roblox in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.68.

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.