2,258 Shares in Roblox Co. (NYSE:RBLX) Bought by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new position in shares of Roblox Co. (NYSE:RBLX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,258 shares of the company’s stock, valued at approximately $100,000.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Roblox during the 3rd quarter worth approximately $27,000. PARK CIRCLE Co bought a new stake in Roblox during the second quarter worth $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Roblox in the 2nd quarter valued at $33,000. Gilliland Jeter Wealth Management LLC increased 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 during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Roblox during the 1st quarter worth $39,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

Shares of RBLX stock opened at $52.40 on Friday. The stock has a market capitalization of $31.84 billion, a PE ratio of -31.95 and a beta of 1.56. The business’s 50 day simple moving average is $44.30 and its 200 day simple moving average is $39.77. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $54.07.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned ($0.45) EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 4,933 shares of Roblox stock in a transaction dated 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 of the company’s stock, valued at approximately $4,019,545.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Manuel Bronstein sold 37,846 shares of Roblox stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.03, for a total transaction of $1,969,127.38. Following the completion of the sale, the insider now owns 674,259 shares of the company’s stock, valued at $35,081,695.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,029,373 shares of company stock valued at $46,476,179. 22.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RBLX shares. Needham & Company LLC raised their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler raised their price target on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Macquarie lifted their price target on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.30.

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.