Chemistry Wealth Management LLC Raises Stake in Roblox Co. (NYSE:RBLX)

Chemistry Wealth Management LLC lifted its stake in shares of Roblox Co. (NYSE:RBLX) by 9.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,913 shares of the company’s stock after buying an additional 1,344 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Roblox were worth $569,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Roblox during the 4th quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in shares of Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after acquiring an additional 912 shares during the period. Allworth Financial LP increased its holdings in shares of Roblox by 90.2% in the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after acquiring an additional 587 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Roblox in the 4th quarter valued at $58,000. Finally, Principal Securities Inc. acquired a new position in shares of Roblox in the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

Shares of Roblox stock traded up $1.48 on Wednesday, hitting $36.91. The company’s stock had a trading volume of 8,323,435 shares, compared to its average volume of 7,814,347. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm has a fifty day moving average price of $34.94 and a 200-day moving average price of $38.81. The company has a market capitalization of $21.82 billion, a P/E ratio of -19.84 and a beta of 1.58.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The business had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. During the same period in the previous year, the firm earned ($0.44) EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts expect that Roblox Co. will post -1.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 100,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $38.31, for a total value of $3,831,000.00. Following the transaction, the chief executive officer now directly owns 148,845 shares in the company, valued at approximately $5,702,251.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO David Baszucki sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $38.31, for a total transaction of $3,831,000.00. Following the completion of the transaction, the chief executive officer now owns 148,845 shares of the company’s stock, valued at $5,702,251.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 900 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total transaction of $31,500.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at approximately $13,112,155. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 401,221 shares of company stock worth $14,252,675. Corporate insiders own 22.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 target price (down from $56.00) on shares of Roblox in a report on Friday, May 10th. BTIG Research cut their target price on shares of Roblox from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Needham & Company LLC cut their target price on shares of Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 target price on shares of Roblox in a report on Monday, April 22nd. Finally, Macquarie initiated coverage on shares of Roblox in a research note on Friday, June 14th. They issued an “outperform” rating and a $46.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.14.

Roblox Company Profile

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.