Stonekeep Investments LLC Raises Stake in Roblox Co. (NYSE:RBLX)

Stonekeep Investments LLC increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,592 shares of the company’s stock after purchasing an additional 574 shares during the quarter. Stonekeep Investments LLC’s holdings in Roblox were worth $336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PARK CIRCLE Co purchased a new position in Roblox during the 2nd quarter valued at $30,000. GAMMA Investing LLC grew its position in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares during the last quarter. Gilliland Jeter Wealth Management LLC raised its stake in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in Roblox during the first quarter valued at approximately $39,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Roblox by 98.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after acquiring an additional 548 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RBLX. Wells Fargo & Company lifted their target price on shares of Roblox from $46.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a report on Tuesday, July 30th. Macquarie lifted their target price on Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group increased their price target on shares of Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Citigroup lifted their price objective on shares of Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Eight 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 stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $46.14.

Insider Buying and Selling at Roblox

In other news, insider Mark Reinstra sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the sale, the insider now directly owns 342,656 shares of the company’s stock, valued at approximately $13,706,240. This represents a 0.00 % 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 this hyperlink. In other Roblox news, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $40.45, for a total transaction of $525,850.00. Following the completion of the sale, the director now directly owns 9,708,603 shares of the company’s stock, valued at approximately $392,712,991.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the transaction, the insider now directly owns 342,656 shares in the company, valued at approximately $13,706,240. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 625,673 shares of company stock worth $27,331,806 over the last 90 days. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Up 0.5 %

Shares of RBLX traded up $0.20 during midday trading on Friday, hitting $41.60. The company had a trading volume of 4,436,464 shares, compared to its average volume of 7,325,250. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $48.43. The firm has a market capitalization of $24.90 billion, a P/E ratio of -24.19 and a beta of 1.60. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day simple moving average is $42.72 and its 200-day simple moving average is $38.85.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. The firm had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.46) earnings per share. As a group, sell-side analysts expect that Roblox Co. will post -1.59 EPS for the current year.

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.