Teachers Retirement System of The State of Kentucky Grows Holdings in Roblox Co. (NYSE:RBLX)

Teachers Retirement System of The State of Kentucky raised its position in shares of Roblox Co. (NYSE:RBLX) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 211,237 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Roblox were worth $9,349,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RBLX. V Square Quantitative Management LLC purchased a new position in Roblox in the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC lifted its holdings in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares in the last quarter. PARK CIRCLE Co purchased a new position in shares of Roblox in the second quarter worth $30,000. GAMMA Investing LLC boosted its position in shares of 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 last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its stake 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. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Down 0.5 %

Shares of RBLX opened at $59.61 on Friday. The firm has a fifty day moving average price of $48.52 and a 200-day moving average price of $42.97. 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 Co. has a 12-month low of $29.55 and a 12-month high of $61.05.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned ($0.45) EPS. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RBLX shares. BTIG Research increased their price objective on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup increased their price target on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barclays lifted their price objective on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. HSBC began coverage on shares of Roblox in a report on Thursday. They issued a “buy” rating and a $63.00 target price for the company. Finally, Benchmark upped their price target on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average price target of $55.67.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 17,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $45.58, for a total transaction of $774,860.00. Following the transaction, the insider now directly owns 327,009 shares in the company, valued at $14,905,070.22. This represents a 4.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the transaction, the chief financial officer now directly owns 352,844 shares in the company, valued at $14,643,026. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,412,379 shares of company stock worth $71,728,919 in the last ninety days. 22.15% of the stock is owned by company insiders.

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.