Maryland State Retirement & Pension System Has $1.48 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Maryland State Retirement & Pension System grew its position in Roblox Co. (NYSE:RBLX) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,811 shares of the company’s stock after purchasing an additional 2,934 shares during the period. Maryland State Retirement & Pension System’s holdings in Roblox were worth $1,481,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilliland Jeter Wealth Management LLC boosted its stake in shares of Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares in the last quarter. Washington Trust Advisors Inc. acquired a new position in Roblox during the 1st quarter worth about $39,000. Allspring Global Investments Holdings LLC lifted its position in Roblox by 98.9% during the 1st 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 in the last quarter. Principal Securities Inc. acquired a new position in Roblox during the 4th quarter worth about $59,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Roblox during the 1st quarter worth about $52,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roblox news, Director Anthony P. Lee sold 27,532 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $43.52, for a total transaction of $1,198,192.64. Following the completion of the transaction, the director now owns 165,190 shares of the company’s stock, valued at approximately $7,189,068.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 4,933 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. The disclosure for this sale can be found here. In the last three months, insiders sold 730,649 shares of company stock worth $29,104,359. 22.15% of the stock is owned by company insiders.

Roblox Trading Up 1.0 %

Shares of RBLX stock traded up $0.42 on Friday, reaching $43.99. The company had a trading volume of 5,261,596 shares, compared to its average volume of 7,335,138. 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 has a 50-day moving average of $39.76 and a 200-day moving average of $38.05. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The stock has a market cap of $26.01 billion, a PE ratio of -23.65 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RBLX. Roth Mkm upped their price target on shares of Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Wedbush reiterated an “outperform” rating and set a $46.00 price target on shares of Roblox in a research report on Monday, July 29th. Roth Capital cut Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. Canaccord Genuity Group dropped their price objective on Roblox from $56.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, Moffett Nathanson raised Roblox from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $31.00 to $26.00 in a report on Friday, May 10th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.15.

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.