Maryland State Retirement & Pension System Purchases 1,492 Shares of Roblox Co. (NYSE:RBLX)

Maryland State Retirement & Pension System grew its position in Roblox Co. (NYSE:RBLX) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,877 shares of the company’s stock after acquiring an additional 1,492 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Roblox were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC raised its position in Roblox by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after purchasing an additional 320 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Roblox by 0.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after buying an additional 458 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Roblox by 98.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after buying an additional 548 shares during the period. Allworth Financial LP increased its position in Roblox by 90.2% during the fourth 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 last quarter. Finally, Signaturefd LLC raised its stake in shares of Roblox by 15.8% in the fourth quarter. Signaturefd LLC now owns 4,770 shares of the company’s stock valued at $218,000 after acquiring an additional 651 shares during the period. 91.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on RBLX shares. Needham & Company LLC dropped their price target on shares of Roblox from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Moffett Nathanson raised Roblox from a “sell” rating to a “neutral” rating and cut their target price for the company from $31.00 to $26.00 in a research note on Friday, May 10th. The Goldman Sachs Group decreased their price target on Roblox from $48.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Roblox in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group decreased their target price on Roblox from $56.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.14.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $38.31, for a total transaction of $3,831,000.00. Following the sale, the chief executive officer now directly owns 148,845 shares of the company’s stock, valued at $5,702,251.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $36.67, for a total transaction of $476,710.00. Following the sale, the director now directly owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 100,000 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $38.31, for a total value of $3,831,000.00. Following the completion of the transaction, the chief executive officer now directly owns 148,845 shares of the company’s stock, valued at approximately $5,702,251.95. The disclosure for this sale can be found here. Insiders sold 384,221 shares of company stock worth $13,647,585 over the last three months. Company insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of NYSE:RBLX traded up $0.08 during trading on Friday, hitting $37.85. The stock had a trading volume of 763,340 shares, compared to its average volume of 7,644,786. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of -20.31 and a beta of 1.59. The stock has a 50-day simple moving average of $35.17 and a two-hundred day simple moving average of $38.61.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $923.76 million during the quarter, compared to analyst estimates of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. Roblox’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.44) EPS. On average, equities research analysts expect that Roblox Co. will post -1.67 earnings per share for the current fiscal year.

Roblox 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.