Sicart Associates LLC Invests $218,000 in Roblox Co. (NYSE:RBLX)

Sicart Associates LLC bought a new position in shares of Roblox Co. (NYSE:RBLX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,930 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Roblox during the third quarter worth approximately $27,000. PARK CIRCLE Co purchased a new stake in Roblox during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC boosted its stake in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares during the last quarter. Gilliland Jeter Wealth Management LLC lifted its position in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in shares of Roblox in the 1st quarter valued at approximately $39,000. 91.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 592 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total value of $25,645.44. Following the transaction, the insider now directly owns 276,892 shares of the company’s stock, valued at $11,994,961.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Roblox news, insider Arvind Chakravarthy sold 592 shares of Roblox stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total value of $25,645.44. Following the completion of the sale, the insider now directly owns 276,892 shares in the company, valued at $11,994,961.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 779,341 shares of company stock worth $33,831,012. Corporate insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RBLX. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price objective on shares of Roblox in a research note on Tuesday, July 30th. Roth Mkm lifted their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Benchmark boosted their target price on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays boosted their price objective on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC raised their target price on Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Roblox Stock Up 0.8 %

Shares of NYSE RBLX traded up $0.33 during mid-day trading on Tuesday, reaching $42.63. The company had a trading volume of 2,285,875 shares, compared to its average volume of 7,225,801. The stock has a fifty day moving average of $43.32 and a two-hundred day moving average of $39.09. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $48.43. The company has a market capitalization of $25.51 billion, a price-to-earnings ratio of -24.60 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.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. During the same quarter in the prior year, the firm earned ($0.46) EPS. The company’s revenue was up 31.2% compared to the same quarter last year. As a group, equities research analysts expect that Roblox Co. will post -1.57 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.