Midwest Trust Co lifted its holdings in Roblox Corporation (NYSE:RBLX – Free Report) by 1,038.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,016 shares of the company’s stock after acquiring an additional 38,324 shares during the period. Midwest Trust Co’s holdings in Roblox were worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. Fifth Third Bancorp boosted its position in shares of Roblox by 5,756.6% during the 1st quarter. Fifth Third Bancorp now owns 18,624 shares of the company’s stock valued at $1,053,000 after purchasing an additional 18,306 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Roblox by 7.8% in the first quarter. Sequoia Financial Advisors LLC now owns 11,207 shares of the company’s stock worth $634,000 after purchasing an additional 814 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Roblox by 12.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 60,000 shares of the company’s stock worth $3,394,000 after purchasing an additional 6,750 shares in the last quarter. Summit Securities Group LLC acquired a new position in Roblox in the first quarter valued at approximately $60,000. Finally, Kestra Advisory Services LLC lifted its stake in Roblox by 35.8% in the first quarter. Kestra Advisory Services LLC now owns 19,486 shares of the company’s stock valued at $1,102,000 after buying an additional 5,139 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.
Get Roblox alerts:
Insider Transactions at Roblox
In related news, insider Matthew D. Kaufman sold 14,356 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $45.27, for a total value of $649,896.12. Following the sale, the insider owned 349,964 shares in the company, valued at $15,842,870.28. This represents a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO David Baszucki sold 50,628 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $45.28, for a total transaction of $2,292,435.84. Following the completion of the transaction, the chief executive officer directly owned 852,214 shares in the company, valued at approximately $38,588,249.92. The trade was a 5.61% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 161,983 shares of company stock valued at $7,580,990. Corporate insiders own 10.05% of the company’s stock.
Roblox Price Performance
- MarketBeat Week in Review – 05/04 – 05/08
Shares of NYSE:RBLX opened at $55.10 on Tuesday. Roblox Corporation has a twelve month low of $40.15 and a twelve month high of $150.59. The stock’s 50 day moving average is $47.62 and its 200-day moving average is $59.67. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $37.01 billion, a price-to-earnings ratio of -34.87 and a beta of 1.41
Ad Brownstone Research
ALT SL: New Patent Reveals Elon Musk’s Next Breakthrough: M.A.G.I.
Jeff Brown and Marc Chaikin – two investors who spotted Nvidia a decade ago – are now pointing to Elon Musk’s latest AI patent as the catalyst behind their next major call.nnThey say a market pattern with a 100% historical track record is converging with this new breakthrough by end of month. The last time conditions aligned like this, investors had the chance to turn $10,000 into as much as $350,000 in roughly 12 months.nnBrown and Chaikin have released the full details for investors who want to get ahead of it.
See Jeff Brown and Marc Chaikin’s full analysis and next steps here
