V. M. Manning & CO. Inc. Acquires Shares of 12,499 Roblox Corporation $RBLX

V. M. Manning & CO. Inc. acquired a new position in Roblox Corporation (NYSE:RBLX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,499 shares of the company’s stock, valued at approximately $1,315,000. Roblox accounts for about 1.5% of V. M. Manning & CO. Inc.’s portfolio, making the stock its 13th largest holding.

Other institutional investors have also recently modified their holdings of the company. Total Investment Management Inc. purchased a new position in shares of Roblox in the 2nd quarter valued at about $29,000. ORG Partners LLC acquired a new stake in Roblox in the second quarter valued at approximately $33,000. Whipplewood Advisors LLC purchased a new stake in shares of Roblox in the second quarter valued at approximately $34,000. Generali Asset Management SPA SGR acquired a new position in shares of Roblox during the 2nd quarter worth approximately $40,000. Finally, Kiker Wealth Management LLC raised its stake in shares of Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after buying an additional 397 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

Shares of Roblox stock opened at $88.42 on Monday. The business’s 50 day moving average price is $110.03 and its 200 day moving average price is $114.93. The company has a market cap of $57.90 billion, a price-to-earnings ratio of -61.83 and a beta of 1.62. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned ($0.37) EPS. The firm’s quarterly revenue was up 70.3% on a year-over-year basis. On average, research analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group set a $99.00 price target on shares of Roblox in a research note on Tuesday, December 9th. The Goldman Sachs Group raised shares of Roblox from a “neutral” rating to a “buy” rating and increased their price objective for the company from $155.00 to $180.00 in a report on Friday, October 31st. Cowen reissued a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Wedbush restated an “outperform” rating and set a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. Finally, BTIG Research decreased their price target on shares of Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.88.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 10,584 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $95.24, for a total transaction of $1,008,020.16. Following the completion of the sale, the chief executive officer directly owned 190,574 shares in the company, valued at approximately $18,150,267.76. This trade represents a 5.26% 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 link. Also, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the completion of the transaction, the director owned 261,388 shares in the company, valued at $24,188,845.52. The trade was a 20.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 382,508 shares of company stock valued at $40,838,541 in the last three months. 12.92% of the stock is currently owned by corporate 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.