Blueshift Asset Management LLC Purchases 16,902 Shares of Roblox Co. (NYSE:RBLX)

Blueshift Asset Management LLC raised its position in Roblox Co. (NYSE:RBLX) by 78.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,391 shares of the company’s stock after acquiring an additional 16,902 shares during the period. Blueshift Asset Management LLC’s holdings in Roblox were worth $1,699,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Roblox during the third quarter worth about $27,000. Frazier Financial Advisors LLC boosted its stake in 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 in the last quarter. PARK CIRCLE Co bought a new stake in Roblox in the second quarter valued at $30,000. GAMMA Investing LLC raised its stake 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 in the last quarter. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings 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 valued at $37,000 after acquiring an additional 506 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RBLX shares. Piper Sandler boosted their target price on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. BTIG Research raised their target price on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark upped their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup boosted their target price on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Needham & Company LLC boosted their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the transaction, the chief accounting officer now owns 81,407 shares in the company, valued at approximately $4,014,993.24. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the completion of the sale, the director now directly owns 4,707,579 shares in the company, valued at $236,932,451.07. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,013,607 shares of company stock worth $48,434,122. 22.15% of the stock is currently owned by company insiders.

Roblox Trading Down 0.2 %

RBLX stock opened at $49.06 on Wednesday. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of -29.91 and a beta of 1.56. The company has a fifty day moving average price of $46.13 and a two-hundred day moving average price of $41.22. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 986.36% and a negative net margin of 30.90%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.45) earnings per share. Equities analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

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.