Swedbank AB Acquires 12,005 Shares of Roblox Co. (NYSE:RBLX)

Swedbank AB increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 22.5% during the third quarter, Holdings Channel.com reports. The firm owned 65,302 shares of the company’s stock after buying an additional 12,005 shares during the period. Swedbank AB’s holdings in Roblox were worth $2,890,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RBLX. DekaBank Deutsche Girozentrale increased its holdings in shares of Roblox by 2.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after acquiring an additional 1,419 shares during the period. Dragoneer Investment Group LLC raised its holdings in Roblox by 26.9% in 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. SteelPeak Wealth LLC lifted its position in shares of 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 buying an additional 3,247 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Roblox by 62.0% during the second quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock valued at $1,395,000 after buying an additional 14,348 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Roblox by 18.3% in the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock valued at $11,000,000 after buying an additional 44,557 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Roblox Trading Up 0.2 %

RBLX stock opened at $39.93 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $48.43. The company’s 50-day simple moving average is $43.08 and its 200-day simple moving average is $38.93. The firm has a market cap of $23.61 billion, a P/E ratio of -21.47 and a beta of 1.60.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.07. The company had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.46) EPS. As a group, equities analysts forecast that Roblox Co. will post -1.59 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the transaction, the insider now directly owns 342,656 shares in the company, valued at approximately $13,706,240. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Mark Reinstra sold 12,000 shares of Roblox stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at $13,706,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the transaction, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 625,673 shares of company stock valued at $27,331,806. 22.15% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on RBLX. BMO Capital Markets restated an “outperform” rating and issued a $56.00 target price on shares of Roblox in a research note on Tuesday, July 30th. Wedbush reiterated an “outperform” rating and set a $49.00 price objective on shares of Roblox in a report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on Roblox in a research report on Thursday, July 11th. They set a “hold” rating and a $42.00 target price on the stock. Wolfe Research started coverage on Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Piper Sandler boosted their price target on Roblox from $48.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.14.

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.