Allspring Global Investments Holdings LLC raised its stake in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 379.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 921,424 shares of the company’s stock after buying an additional 729,379 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.14% of Roblox worth $53,102,000 at the end of the most recent reporting period.
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Several other hedge funds and other institutional investors have also recently modified their holdings of RBLX. D.A. Davidson & CO. raised its position in shares of Roblox by 11.2% during the 1st quarter. D.A. Davidson & CO. now owns 30,311 shares of the company’s stock valued at $1,714,000 after buying an additional 3,049 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Roblox by 27.0% during the first quarter. Illinois Municipal Retirement Fund now owns 54,439 shares of the company’s stock valued at $3,079,000 after purchasing an additional 11,576 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new stake in Roblox during the first quarter worth about $405,000. Bleakley Financial Group LLC lifted its stake in Roblox by 31.0% during the first quarter. Bleakley Financial Group LLC now owns 22,577 shares of the company’s stock worth $1,277,000 after purchasing an additional 5,347 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Roblox by 94.6% in the 1st quarter. Principal Financial Group Inc. now owns 27,777 shares of the company’s stock worth $1,571,000 after purchasing an additional 13,502 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Roblox news, CEO David Baszucki sold 50,628 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $2,292,435.84. Following the completion of the transaction, the chief executive officer owned 852,214 shares in the company, valued at approximately $38,588,249.92. This represents a 5.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Matthew D. Kaufman sold 14,356 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $45.27, for a total transaction of $649,896.12. Following the completion of the transaction, the insider owned 349,964 shares of the company’s stock, valued at approximately $15,842,870.28. The trade was a 3.94% decrease in their ownership of the stock. 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. Insiders sold 161,983 shares of company stock valued at $7,580,990 over the last quarter. 10.05% of the stock is currently owned by insiders.
Roblox Price Performance
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RBLX stock opened at $51.71 on Friday. The firm’s 50-day moving average price is $48.48 and its two-hundred day moving average price is $59.06. Roblox Corporation has a 12-month low of $40.15 and a 12-month high of $150.59. The stock has a market capitalization of $34.73 billion, a price-to-earnings ratio of -32.73 and a beta of 1.41. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45.
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