Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Roblox Co. (NYSE:RBLX)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Roblox Co. (NYSE:RBLX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 52,800 shares of the company’s stock, valued at approximately $2,337,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RBLX. V Square Quantitative Management LLC bought a new stake in Roblox in the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC raised its position in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the period. PARK CIRCLE Co purchased a new stake in shares of Roblox during the 2nd quarter valued at approximately $30,000. Strategic Financial Concepts LLC bought a new position in Roblox in the 2nd quarter worth approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC grew its stake in 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 buying an additional 506 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $50.13 on Friday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day moving average of $46.35 and a 200 day moving average of $41.53. The company has a market capitalization of $30.46 billion, a price-to-earnings ratio of -30.57 and a beta of 1.56.

Roblox (NYSE:RBLX) last announced its quarterly earnings data 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 net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company earned ($0.45) EPS. The firm’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBLX has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. BTIG Research increased their price target on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted 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. Canaccord Genuity Group increased their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Macquarie upped their price target on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Seven investment 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 stock. Based on data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average target price of $55.30.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 3,443 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.01, for a total transaction of $154,969.43. Following the sale, the chief financial officer now owns 352,844 shares of the company’s stock, valued at $15,881,508.44. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,013,607 shares of company stock valued at $48,434,122. 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.