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Circle Wealth Management LLC Buys 1,984 Shares of Roblox Co. (NYSE:RBLX)

Circle Wealth Management LLC raised its stake in shares of Roblox Co. (NYSE:RBLXGet Rating) by 31.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,270 shares of the company’s stock after purchasing an additional 1,984 shares during the quarter. Circle Wealth Management LLC’s holdings in Roblox were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Personal Capital Advisors Corp lifted its position in Roblox by 11.8% during the first quarter. Personal Capital Advisors Corp now owns 5,707 shares of the company’s stock valued at $264,000 after purchasing an additional 601 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its position in Roblox by 120.6% during the first quarter. Williams Jones Wealth Management LLC. now owns 5,401 shares of the company’s stock valued at $250,000 after purchasing an additional 2,953 shares during the last quarter. Hsbc Holdings PLC lifted its position in Roblox by 428.4% during the first quarter. Hsbc Holdings PLC now owns 132,358 shares of the company’s stock valued at $6,176,000 after purchasing an additional 107,308 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Roblox during the first quarter valued at approximately $1,038,000. Finally, Northern Trust Corp raised its stake in shares of Roblox by 12.8% during the first quarter. Northern Trust Corp now owns 100,178 shares of the company’s stock worth $4,631,000 after acquiring an additional 11,367 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 550,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $41.41, for a total transaction of $22,775,500.00. Following the transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at approximately $41.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Craig Donato sold 7,713 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $41.60, for a total transaction of $320,860.80. Following the sale, the insider now owns 1,174,941 shares in the company, valued at approximately $48,877,545.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 550,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $41.41, for a total transaction of $22,775,500.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at approximately $41.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 683,726 shares of company stock valued at $29,197,787. 28.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on RBLX. Truist Financial lifted their price target on shares of Roblox from $29.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, August 9th. Wedbush lifted their price target on shares of Roblox from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, August 11th. Benchmark decreased their price target on shares of Roblox from $45.00 to $21.00 in a research note on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Roblox from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Morgan Stanley lifted their price target on shares of Roblox from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $45.50.

Roblox Stock Up 8.8 %

Shares of Roblox stock opened at $45.53 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.65 and a quick ratio of 1.65. The company’s fifty day simple moving average is $42.10 and its two-hundred day simple moving average is $39.01. Roblox Co. has a 12-month low of $21.65 and a 12-month high of $141.60.

Roblox (NYSE:RBLXGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.06). The company had revenue of $639.90 million for the quarter, compared to analysts’ expectations of $625.43 million. Roblox had a negative net margin of 25.11% and a negative return on equity of 95.60%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.25) earnings per share. As a group, analysts expect that Roblox Co. will post -1.23 EPS for the current year.

Roblox Profile

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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.

Further Reading

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