nVerses Capital LLC Purchases 21,000 Shares of Roblox Co. (NYSE:RBLX)

nVerses Capital LLC boosted its stake in Roblox Co. (NYSE:RBLX) by 1,235.3% during the third quarter, Holdings Channel.com reports. The firm owned 22,700 shares of the company’s stock after buying an additional 21,000 shares during the period. nVerses Capital LLC’s holdings in Roblox were worth $1,005,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. PARK CIRCLE Co bought a new position in shares of Roblox during the second quarter valued at $30,000. GAMMA Investing LLC increased its position in Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the last quarter. Gilliland Jeter Wealth Management LLC lifted its position in Roblox by 102.4% during the second 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 during the last quarter. Washington Trust Advisors Inc. purchased a new stake in shares of Roblox in the first quarter valued at $39,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Roblox by 98.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after acquiring an additional 548 shares during the period. 91.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roblox

In related news, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $40.45, for a total value of $525,850.00. Following the sale, the director now directly owns 9,708,603 shares of the company’s stock, valued at $392,712,991.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $40.45, for a total value of $525,850.00. Following the sale, the director now owns 9,708,603 shares in the company, valued at $392,712,991.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at $13,706,240. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 625,673 shares of company stock worth $27,331,806. Insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RBLX shares. Jefferies Financial Group initiated coverage on shares of Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 price target on the stock. Barclays lifted their target price on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Macquarie raised their price target on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. The Goldman Sachs Group lifted their target price on shares of Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Piper Sandler lifted their target price on shares of Roblox from $48.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned 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 $46.14.

Roblox Stock Performance

NYSE RBLX traded down $1.01 on Thursday, hitting $40.38. 1,444,699 shares of the stock traded hands, compared to its average volume of 7,279,575. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $48.43. The business’s fifty day moving average is $42.97 and its two-hundred day moving average is $38.91. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of -22.26 and a beta of 1.60.

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