Sigma Planning Corp Purchases 420 Shares of Roblox Co. (NYSE:RBLX)

Sigma Planning Corp increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,822 shares of the company’s stock after acquiring an additional 420 shares during the period. Sigma Planning Corp’s holdings in Roblox were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Roblox by 10.4% in the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares in the last quarter. Baillie Gifford & Co. increased its position in Roblox by 1.9% in the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock valued at $1,084,395,000 after acquiring an additional 535,414 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of Roblox by 12.9% in the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after acquiring an additional 1,519,591 shares during the last quarter. Dragoneer Investment Group LLC lifted its position in shares of Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Roblox by 17.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,984,817 shares of the company’s stock valued at $371,535,000 after purchasing an additional 1,491,726 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Canaccord Genuity Group upped their price objective on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Benchmark lifted their price objective on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, BTIG Research lifted their price target on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 17,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $40.47, for a total value of $687,990.00. Following the completion of the transaction, the insider now owns 342,656 shares of the company’s stock, valued at approximately $13,867,288.32. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 592 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total transaction of $25,645.44. Following the sale, the insider now directly owns 276,892 shares in the company, valued at $11,994,961.44. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 987,373 shares of company stock valued at $44,831,579 in the last ninety days. 22.15% of the stock is currently owned by corporate insiders.

Roblox Price Performance

Shares of NYSE RBLX opened at $50.73 on Friday. The company has a fifty day moving average price of $45.43 and a 200 day moving average price of $40.53. The firm has a market cap of $30.82 billion, a PE ratio of -30.93 and a beta of 1.56. 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 1-year low of $29.55 and a 1-year high of $55.10.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm earned ($0.45) earnings per share. Roblox’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal 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.