Plato Investment Management Ltd Acquires 3,731 Shares of Roblox Co. (NYSE:RBLX)

Plato Investment Management Ltd boosted its holdings in Roblox Co. (NYSE:RBLX) by 514.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,456 shares of the company’s stock after purchasing an additional 3,731 shares during the quarter. Plato Investment Management Ltd’s holdings in Roblox were worth $197,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Impact Partnership Wealth LLC increased its holdings in shares of Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after purchasing an additional 245 shares during the last quarter. Swedbank AB increased its stake in Roblox by 0.5% in the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after acquiring an additional 285 shares during the last quarter. Thrive Wealth Management LLC raised its holdings in shares of Roblox by 4.3% during the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after acquiring an additional 300 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Roblox by 5.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after acquiring an additional 321 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in shares of Roblox by 0.3% in the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock valued at $6,048,000 after purchasing an additional 380 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Mark Reinstra sold 17,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $40.47, for a total transaction of $687,990.00. Following the completion of the sale, the insider now owns 342,656 shares of the company’s stock, valued at $13,867,288.32. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Guthrie sold 21,789 shares of Roblox stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction 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. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 987,373 shares of company stock worth $44,831,579. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Down 3.8 %

RBLX opened at $50.71 on Friday. 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 stock’s fifty day moving average is $45.43 and its two-hundred day moving average is $40.49. The company has a market capitalization of $30.81 billion, a P/E ratio of -30.92 and a beta of 1.56. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $55.10.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.02 billion. During the same quarter last year, the firm posted ($0.45) earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts forecast that Roblox Co. will post -1.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on RBLX. Macquarie lifted their price objective on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Raymond James upped their price objective on Roblox from $51.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 31st. Morgan Stanley raised Roblox from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $65.00 in a research report on Monday, November 4th. Finally, Wedbush restated an “outperform” rating and issued a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Roblox Company 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.