Roblox Co. (NYSE:RBLX) Shares Purchased by Signaturefd LLC

Signaturefd LLC increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 21.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the company’s stock after acquiring an additional 1,047 shares during the period. Signaturefd LLC’s holdings in Roblox were worth $261,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Roblox by 10.4% during the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after buying an additional 4,818,022 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Roblox by 1.9% in the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock worth $1,084,395,000 after purchasing an additional 535,414 shares during the last quarter. ARK Investment Management LLC boosted its position in Roblox by 12.9% during the 2nd 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 period. Ieq Capital LLC raised its stake in shares of Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after buying an additional 2,684,713 shares in the last quarter. Finally, Dragoneer Investment Group LLC raised its stake in shares of Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 592 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total transaction of $25,645.44. Following the transaction, the insider now owns 276,892 shares in the company, valued at approximately $11,994,961.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Arvind Chakravarthy sold 592 shares of Roblox stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the sale, the insider now owns 276,892 shares of the company’s stock, valued at approximately $11,994,961.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total value of $1,164,600.00. Following the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $14,543,253.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 779,341 shares of company stock worth $33,831,012 over the last quarter. Company insiders own 22.15% of the company’s stock.

Roblox Trading Up 0.9 %

Roblox stock opened at $42.14 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $48.43. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $24.92 billion, a P/E ratio of -22.66 and a beta of 1.60. The stock has a 50-day simple moving average of $43.29 and a 200 day simple moving average of $39.07.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and set a $56.00 price target on shares of Roblox in a research report on Tuesday, July 30th. Benchmark upped their price target on Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group began coverage on Roblox in a report on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price for the company. Citigroup increased their price target on Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Roth Mkm raised their price target on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Eight investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.29.

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.