Gladstone Institutional Advisory LLC Buys New Position in Roblox Co. (NYSE:RBLX)

Gladstone Institutional Advisory LLC purchased a new position in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,663 shares of the company’s stock, valued at approximately $259,000.

A number of other hedge funds have also modified their holdings of RBLX. Barclays PLC grew its holdings in Roblox by 171.8% during the 3rd quarter. Barclays PLC now owns 1,086,243 shares of the company’s stock worth $31,457,000 after acquiring an additional 686,594 shares in the last quarter. Aviva PLC lifted its stake in shares of Roblox by 202.5% in the 3rd quarter. Aviva PLC now owns 195,411 shares of the company’s stock valued at $5,659,000 after purchasing an additional 130,818 shares during the period. Morgan Stanley increased its holdings in Roblox by 13.7% in the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after acquiring an additional 4,927,848 shares in the last quarter. Vanguard Group Inc. increased its holdings in Roblox by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after acquiring an additional 10,025,779 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Roblox during the third quarter worth $6,415,000. 91.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Amy Marie Rawlings sold 3,910 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the sale, the chief accounting officer now directly owns 98,457 shares of the company’s stock, valued at approximately $3,205,759.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Daniel Sturman sold 10,949 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $356,499.44. Following the completion of the transaction, the chief technology officer now owns 469,320 shares in the company, valued at $15,281,059.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 3,910 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $127,309.60. Following the completion of the sale, the chief accounting officer now owns 98,457 shares of the company’s stock, valued at approximately $3,205,759.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 344,293 shares of company stock worth $12,738,558. 22.15% of the stock is currently owned by company insiders.

Roblox Price Performance

NYSE:RBLX traded up $0.70 during trading hours on Friday, hitting $32.67. 4,441,633 shares of the company’s stock traded hands, compared to its average volume of 11,113,107. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The stock’s fifty day moving average price is $36.09 and its two-hundred day moving average price is $39.41.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. The business had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) EPS. On average, sell-side analysts forecast that Roblox Co. will post -1.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Roblox from $42.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Needham & Company LLC decreased their target price on shares of Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Benchmark decreased their target price on shares of Roblox from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 target price (down previously from $56.00) on shares of Roblox in a research report on Friday, May 10th. Finally, Barclays decreased their target price on shares of Roblox from $46.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.76.

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.