Kore Private Wealth LLC increased its stake in shares of Roblox Co. (NYSE:RBLX) by 26.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,257 shares of the company’s stock after acquiring an additional 1,090 shares during the period. Kore Private Wealth LLC’s holdings in Roblox were worth $473,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of RBLX. Montag A & Associates Inc. acquired a new stake in Roblox in the 2nd quarter valued at $31,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Roblox during the 2nd quarter worth about $32,000. Hudock Inc. bought a new stake in shares of Roblox during the 2nd quarter worth about $35,000. Concord Wealth Partners acquired a new stake in Roblox in the 1st quarter worth about $36,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in Roblox in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 41.40% of the company’s stock.
In other news, CFO Michael Guthrie sold 4,890 shares of the firm’s stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $83.36, for a total transaction of $407,630.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 375,000 shares of the firm’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $81.66, for a total value of $30,622,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 599,220 shares of company stock valued at $49,446,401.
Shares of RBLX stock opened at $74.78 on Thursday. The company’s fifty day moving average price is $80.98 and its 200-day moving average price is $80.44. Roblox Co. has a 12 month low of $60.50 and a 12 month high of $103.87.
Roblox (NYSE:RBLX) last issued its earnings results on Sunday, August 15th. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.49). The business had revenue of $454.10 million during the quarter, compared to analyst estimates of $689.21 million. The firm’s revenue for the quarter was up 126.6% on a year-over-year basis. As a group, analysts expect that Roblox Co. will post -0.91 earnings per share for the current year.
Roblox Company Profile
Roblox Corporation develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset that allows developers and creators to build, publish, and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution that provides services and infrastructure to power the human co-experience platform.
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