Moss Adams Wealth Advisors LLC Increases Stock Holdings in Roblox Co. (NYSE:RBLX)

Moss Adams Wealth Advisors LLC boosted its holdings in shares of Roblox Co. (NYSE:RBLX) by 1,972.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,241 shares of the company’s stock after buying an additional 12,602 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Roblox were worth $586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RBLX. Swedbank AB raised its holdings in shares of Roblox by 0.5% in the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after acquiring an additional 285 shares in the last quarter. Thrive Wealth Management LLC raised its stake in Roblox by 4.3% in the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after purchasing an additional 300 shares in the last quarter. Mystic Asset Management Inc. lifted its position in Roblox by 4.0% during the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock valued at $326,000 after purchasing an additional 325 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Roblox by 0.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock worth $6,048,000 after buying an additional 380 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its holdings in shares of Roblox by 2.3% in the 2nd quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock worth $659,000 after buying an additional 400 shares during the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the transaction, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $14,543,253.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 592 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the transaction, the insider now owns 276,892 shares in the company, valued at approximately $11,994,961.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 625,673 shares of company stock worth $27,331,806 in the last 90 days. Insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of RBLX stock opened at $39.93 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The company’s fifty day moving average price is $43.08 and its 200-day moving average price is $38.93. The stock has a market cap of $23.61 billion, a PE ratio of -21.47 and a beta of 1.60. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $48.43.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same quarter in the previous year, the firm posted ($0.46) earnings per share. Roblox’s quarterly revenue was up 31.2% on a year-over-year basis. On average, equities analysts expect that Roblox Co. will post -1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RBLX. Citigroup raised their price target on Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 target price on shares of Roblox in a research note on Tuesday, July 30th. Jefferies Financial Group initiated coverage on shares of Roblox in a research note on Thursday, July 11th. They set a “hold” rating and a $42.00 price target on the stock. Finally, Benchmark upped their price objective on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.14.

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.