Roblox Corporation $RBLX Stock Sold by Strategic Family Wealth Counselors L.L.C.

Strategic Family Wealth Counselors L.L.C. lowered its stake in shares of Roblox Corporation (NYSE:RBLX) by 16.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 218,732 shares of the company’s stock after selling 42,726 shares during the quarter. Roblox makes up approximately 2.2% of Strategic Family Wealth Counselors L.L.C.’s holdings, making the stock its 16th biggest holding. Strategic Family Wealth Counselors L.L.C.’s holdings in Roblox were worth $9,268,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Roblox in the third quarter valued at approximately $63,000. Americana Partners LLC acquired a new stake in Roblox during the 3rd quarter worth $262,000. Parcion Private Wealth LLC lifted its stake in Roblox by 76.1% in the third quarter. Parcion Private Wealth LLC now owns 14,862 shares of the company’s stock valued at $630,000 after buying an additional 6,421 shares during the period. Soltis Investment Advisors LLC grew its holdings in Roblox by 66.0% during the third quarter. Soltis Investment Advisors LLC now owns 7,249 shares of the company’s stock valued at $307,000 after purchasing an additional 2,883 shares during the period. Finally, Brooklands Fund Management Ltd acquired a new stake in Roblox in the third quarter worth $29,028,000. 94.46% of the stock is owned by institutional investors.

Roblox Trading Up 0.0%

Roblox stock opened at $43.01 on Monday. The stock has a 50-day simple moving average of $46.34 and a 200 day simple moving average of $52.69. The stock has a market capitalization of $28.87 billion, a P/E ratio of -31.17 and a beta of 1.45. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. Roblox Corporation has a 52 week low of $33.88 and a 52 week high of $119.85.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 29th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.11. Roblox had a negative return on equity of 303.93% and a negative net margin of 16.48%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted ($0.37) EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. Analysts expect that Roblox Corporation will post -1.41 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on RBLX. Jefferies Financial Group downgraded Roblox from a “hold” rating to an “underperform” rating and set a $38.00 price objective on the stock. in a research note on Monday, September 28th. Weiss Ratings upgraded Roblox from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. Canaccord Genuity Group set a $58.00 target price on shares of Roblox in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price target on shares of Roblox in a report on Friday. Finally, Benchmark cut shares of Roblox from a “hold” rating to a “sell” rating and set a $33.00 price objective on the stock. in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.19.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 52,568 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $1,995,481.28. Following the transaction, the chief executive officer directly owned 799,646 shares of the company’s stock, valued at $30,354,562.16. This represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Naveen Chopra sold 17,509 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $37.96, for a total transaction of $664,641.64. Following the sale, the chief financial officer owned 363,249 shares of the company’s stock, valued at approximately $13,788,932.04. This represents a 4.60% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 186,390 shares of company stock valued at $7,283,371. Corporate insiders own 10.05% of the company’s stock.

Roblox Company Profile

Roblox Corporation operates Roblox, an online platform where users can create, publish, and participate in interactive digital experiences. The platform supports a broad range of user-generated content, including games, social spaces, entertainment, educational activities, and virtual events.

Roblox provides development tools through Roblox Studio, enabling creators and developers to design experiences and build virtual items and environments. Users can customize avatars, communicate with others, and access content across computers, mobile devices, consoles, and other supported platforms.