IFM Investors Pty Ltd Buys 976 Shares of Roblox Co. (NYSE:RBLX)

IFM Investors Pty Ltd lifted its stake in Roblox Co. (NYSE:RBLX) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,118 shares of the company’s stock after acquiring an additional 976 shares during the period. IFM Investors Pty Ltd’s holdings in Roblox were worth $4,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RBLX. Wellington Management Group LLP bought a new position in shares of Roblox in the fourth quarter valued at approximately $1,870,000. Sunbelt Securities Inc. lifted its position in Roblox by 77.6% during the 1st quarter. Sunbelt Securities Inc. now owns 2,289 shares of the company’s stock worth $87,000 after acquiring an additional 1,000 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in Roblox by 41.4% during the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock valued at $423,000 after acquiring an additional 3,247 shares during the period. Roberts Wealth Advisors LLC acquired a new stake in shares of Roblox in the first quarter valued at about $1,622,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Roblox by 98.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after purchasing an additional 548 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBLX has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Citigroup raised their price objective on shares of Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Macquarie upped their target price on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Roblox from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their price objective on shares of Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average price target of $46.29.

Roblox Stock Performance

NYSE RBLX opened at $42.14 on Friday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $48.43. The company has a 50 day moving average of $43.29 and a 200-day moving average of $39.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of -22.66 and a beta of 1.60.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. The firm had revenue of $893.50 million during the quarter, compared to analysts’ expectations of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue was up 31.2% on a year-over-year basis. During the same period last year, the firm posted ($0.46) EPS. On average, equities analysts forecast that Roblox Co. will post -1.58 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, CEO David Baszucki sold 166,668 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the sale, the chief executive officer now owns 135,755 shares of the company’s stock, valued at $5,722,073.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Roblox news, CEO David Baszucki sold 166,668 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the transaction, the chief executive officer now owns 135,755 shares of the company’s stock, valued at approximately $5,722,073.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 779,341 shares of company stock valued at $33,831,012 over the last ninety days. 22.15% of the stock is owned by 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.