Aigen Investment Management LP Takes $257,000 Position in Roblox Co. (NYSE:RBLX)

Aigen Investment Management LP bought a new position in shares of Roblox Co. (NYSE:RBLX) in the third quarter, Holdings Channel.com reports. The firm bought 5,799 shares of the company’s stock, valued at approximately $257,000.

Several other large investors have also recently modified their holdings of the business. Entropy Technologies LP boosted its holdings in Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after buying an additional 62,521 shares during the period. Versor Investments LP bought a new position in shares of Roblox in the third quarter worth $257,000. River Global Investors LLP grew its position in shares of Roblox by 4.4% in the third quarter. River Global Investors LLP now owns 35,370 shares of the company’s stock valued at $1,565,000 after purchasing an additional 1,496 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Roblox by 6.6% during the 3rd quarter. Sigma Planning Corp now owns 6,822 shares of the company’s stock valued at $302,000 after purchasing an additional 420 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Roblox by 23.2% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company’s stock worth $19,783,000 after purchasing an additional 84,198 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $50.71 on Friday. The firm has a market cap of $30.81 billion, a P/E ratio of -30.92 and a beta of 1.56. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $55.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a 50 day moving average of $45.43 and a 200 day moving average of $40.49.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RBLX. Piper Sandler lifted their target price on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 1st. BTIG Research increased their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup boosted their price target on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Roth Mkm increased their price objective on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $65.00 in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Insider Activity

In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the 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 transaction, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 21,789 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $879,186.15. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares in the company, valued at $14,237,255.40. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 987,373 shares of company stock valued at $44,831,579 in the last 90 days. 22.15% of the stock is currently owned by insiders.

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.