10,756 Roblox Corporation $RBLX Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC grew its stake in Roblox Corporation (NYSE:RBLX) by 29.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 47,093 shares of the company’s stock after acquiring an additional 10,756 shares during the period. Krilogy Financial LLC’s holdings in Roblox were worth $1,995,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in RBLX. Stonekeep Investments LLC boosted its position in shares of Roblox by 2.4% during the 2nd quarter. Stonekeep Investments LLC now owns 9,070 shares of the company’s stock worth $493,000 after purchasing an additional 213 shares during the period. Basecamp Wealth Advisors LLC increased its holdings in Roblox by 98.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock valued at $29,000 after purchasing an additional 252 shares during the last quarter. Root Financial Partners LLC increased its holdings in Roblox by 100.7% in the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 283 shares during the last quarter. Versant Capital Management Inc increased its holdings in Roblox by 27.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,536 shares of the company’s stock valued at $84,000 after purchasing an additional 328 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Roblox by 12.6% in the second quarter. GAMMA Investing LLC now owns 3,191 shares of the company’s stock valued at $174,000 after purchasing an additional 358 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roblox

In related news, CFO Naveen K. Chopra sold 17,509 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total value of $664,641.64. Following the completion of the transaction, the chief financial officer directly owned 363,249 shares of the company’s stock, valued at $13,788,932.04. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $42.87, for a total transaction of $714,471.42. Following the completion of the transaction, the director owned 1,252,836 shares in the company, valued at $53,709,079.32. This represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 186,390 shares of company stock worth $7,283,371. 10.05% of the stock is currently owned by corporate insiders.

Roblox Stock Performance

Shares of RBLX stock opened at $51.19 on Friday. The company has a market cap of $34.30 billion, a P/E ratio of -35.80 and a beta of 1.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 7.82. The firm has a fifty day moving average price of $43.34 and a 200 day moving average price of $47.73. Roblox Corporation has a 12 month low of $33.88 and a 12 month high of $139.01.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. Roblox had a negative return on equity of 292.85% and a negative net margin of 17.60%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the firm posted ($0.41) EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts predict that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on RBLX. Canaccord Genuity Group set a $58.00 price target on Roblox in a research note on Friday, July 31st. Jefferies Financial Group cut Roblox from a “hold” rating to an “underperform” rating and set a $38.00 price objective for the company. in a research note on Monday, September 28th. BMO Capital Markets cut Roblox from an “outperform” rating to a “market perform” rating and set a $45.00 price objective for the company. in a research note on Friday, July 31st. Oppenheimer reiterated an “outperform” rating on shares of Roblox in a report on Friday, September 11th. Finally, Wells Fargo & Company lowered Roblox from an “overweight” rating to a “cautious” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Roblox has an average rating of “Hold” and a consensus price target of $56.96.

About Roblox

Roblox Corporation (NYSE:RBLX) operates an online entertainment platform where users can create, share and experience interactive 3D content. The platform hosts user-generated games and other virtual experiences across genres, including entertainment, social activities, education and simulated environments.

Roblox provides development tools through Roblox Studio, enabling creators to build and publish experiences, digital items and other content. Users can customize avatars, interact with others and access the platform across supported computers, mobile devices, gaming consoles and virtual reality systems.