6,000 Shares in Roblox Co. (NYSE:RBLX) Bought by West Tower Group LLC

West Tower Group LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 6,000 shares of the company’s stock, valued at approximately $266,000.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Roblox in the third quarter worth $27,000. Frazier Financial Advisors LLC increased its position in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co acquired a new stake in Roblox in the second quarter worth $30,000. Strategic Financial Concepts LLC acquired a new stake in Roblox in the second quarter worth $33,000. Finally, Gilliland Jeter Wealth Management LLC increased its position in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares during the period. 91.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the completion of the sale, the director now directly owns 5,731,695 shares of the company’s stock, valued at $299,996,916.30. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the sale, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,010,503 shares of company stock worth $48,145,999. 22.15% of the stock is currently owned by company insiders.

Roblox Trading Down 0.4 %

NYSE:RBLX opened at $49.16 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The firm has a market capitalization of $29.87 billion, a price-to-earnings ratio of -29.98 and a beta of 1.56. The stock has a fifty day simple moving average of $46.06 and a 200 day simple moving average of $41.09.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted ($0.45) EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts forecast that Roblox Co. will post -1.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on RBLX shares. Roth Mkm raised their price target on Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Citigroup raised their price target on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group raised their price target on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and set a $49.00 target price on shares of Roblox in a report on Friday, October 25th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a report on Friday. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

About Roblox

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.