Cwm LLC boosted its holdings in shares of Roblox Co. (NYSE:RBLX – Free Report) by 18.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,546 shares of the company’s stock after buying an additional 847 shares during the quarter. Cwm LLC’s holdings in Roblox were worth $249,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of RBLX. Bank of New York Mellon Corp grew its position in Roblox by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock worth $36,481,000 after purchasing an additional 39,203 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Roblox by 7.9% during the first quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock worth $860,000 after purchasing an additional 1,361 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Roblox by 949.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock worth $928,000 after purchasing an additional 18,150 shares during the last quarter. BlackRock Inc. increased its position in Roblox by 265.4% during the first quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock worth $14,390,000 after purchasing an additional 226,029 shares during the last quarter. Finally, Cibc World Market Inc. increased its position in Roblox by 62.0% during the first quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock worth $4,277,000 after purchasing an additional 35,412 shares during the last quarter. 64.57% of the stock is currently owned by institutional investors and hedge funds.
Roblox Trading Down 5.1 %
Shares of NYSE:RBLX opened at $37.92 on Friday. Roblox Co. has a 52 week low of $25.32 and a 52 week high of $53.88. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.15 and a current ratio of 1.15. The company’s fifty day moving average is $40.87 and its 200-day moving average is $39.88.
Insider Activity
In related news, CEO David Baszucki sold 375,000 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $39.87, for a total value of $14,951,250.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at approximately $39.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Michael Guthrie sold 12,669 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $39.63, for a total transaction of $502,072.47. Following the transaction, the chief financial officer now owns 335,091 shares in the company, valued at $13,279,656.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 375,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $39.87, for a total value of $14,951,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1 shares in the company, valued at $39.87. The disclosure for this sale can be found here. Insiders have sold 1,004,146 shares of company stock worth $41,008,444 over the last ninety days. Insiders own 27.67% of the company’s stock.
Analysts Set New Price Targets
RBLX has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Roblox from $48.00 to $52.00 in a research note on Thursday, April 6th. Needham & Company LLC decreased their price objective on shares of Roblox from $53.00 to $48.00 in a research note on Thursday, May 11th. BTIG Research boosted their price objective on shares of Roblox from $55.00 to $60.00 in a research note on Wednesday, May 10th. VNET Group reiterated a “maintains” rating on shares of Roblox in a research note on Monday, May 8th. Finally, Barclays upped their target price on shares of Roblox from $28.00 to $32.00 in a research note on Thursday, May 11th. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.48.
About Roblox
Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.
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