Roblox Co. (NYSE:RBLX) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in Roblox Co. (NYSE:RBLX) by 60.0% during the 3rd quarter, Holdings Channel reports. The fund owned 75,967 shares of the company’s stock after purchasing an additional 28,502 shares during the period. Quantbot Technologies LP’s holdings in Roblox were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RBLX. V Square Quantitative Management LLC purchased a new stake in Roblox in the third quarter valued at $27,000. Frazier Financial Advisors LLC lifted its holdings in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co purchased a new stake in shares of Roblox in the second quarter worth about $30,000. GAMMA Investing LLC grew its holdings in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares during the period. Finally, Gilliland Jeter Wealth Management LLC raised its position in Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Activity at Roblox

In other news, CAO Amy Marie Rawlings sold 2,186 shares of the company’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 directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Manuel Bronstein sold 15,380 shares of Roblox stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $45.00, for a total transaction of $692,100.00. Following the completion of the sale, the insider now owns 712,105 shares of the company’s stock, valued at $32,044,725. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,013,607 shares of company stock worth $48,434,122. Insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $38.00 to $65.00 in a research report on Monday, November 4th. Macquarie upped their price objective on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC boosted their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Finally, Canaccord Genuity Group boosted their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Roblox Trading Up 0.6 %

Shares of RBLX stock opened at $49.37 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $55.10. The company’s 50-day moving average price is $46.21 and its 200-day moving average price is $41.27. The stock has a market cap of $29.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.56.

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

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.