Captrust Financial Advisors Buys New Shares in Roblox Co. (NYSE:RBLX)

Captrust Financial Advisors bought a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,480 shares of the company's stock, valued at approximately $818,000.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC lifted its holdings in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC lifted its position in shares of Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Greenvale Capital LLP bought a new position in shares of Roblox in the second quarter worth about $89,304,000. Marshall Wace LLP purchased a new position in Roblox in the 2nd quarter worth about $87,543,000. Finally, ARK Investment Management LLC raised its stake in shares of Roblox by 12.9% during the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company's stock valued at $496,338,000 after acquiring an additional 1,519,591 shares in the last quarter. Institutional investors own 91.08% of the company's stock.

Analysts Set New Price Targets

RBLX has been the topic of several analyst reports. 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. The Goldman Sachs Group increased their price objective on Roblox from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Piper Sandler boosted their target price on Roblox from $54.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Needham & Company LLC raised their price target on Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, BMO Capital Markets restated an "outperform" rating and set a $62.00 price objective (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.30.

Insider Activity at Roblox

In other Roblox news, CFO Michael Guthrie sold 3,443 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.01, for a total transaction of $154,969.43. Following the sale, the chief financial officer now directly owns 352,844 shares in the company, valued at approximately $15,881,508.44. The trade was a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manuel Bronstein sold 15,380 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $45.00, for a total value of $692,100.00. Following the sale, the insider now directly owns 712,105 shares in the company, valued at $32,044,725. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,431,202 shares of company stock worth $72,575,988 in the last quarter. Company insiders own 22.15% of the company's stock.

Roblox Stock Down 1.2 %

Roblox stock traded down $0.66 during mid-day trading on Tuesday, hitting $56.27. The company had a trading volume of 5,276,249 shares, compared to its average volume of 7,653,239. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of -34.71 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $59.80. The business has a fifty day moving average of $47.59 and a 200 day moving average of $42.57.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.45) earnings per share. On average, sell-side analysts expect that Roblox Co. will post -1.56 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.