Versor Investments LP Acquires Shares of 5,800 Roblox Co. (NYSE:RBLX)

Versor Investments LP bought a new position in shares of Roblox Co. (NYSE:RBLX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,800 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors have also recently modified their holdings of RBLX. River Global Investors LLP grew its stake in Roblox by 4.4% in the 3rd quarter. River Global Investors LLP now owns 35,370 shares of the company’s stock valued at $1,565,000 after acquiring an additional 1,496 shares during the period. Sigma Planning Corp grew its position in shares of Roblox by 6.6% in the third quarter. Sigma Planning Corp now owns 6,822 shares of the company’s stock valued at $302,000 after purchasing an additional 420 shares during the period. AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Roblox by 23.2% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company’s stock worth $19,783,000 after purchasing an additional 84,198 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Roblox in the 3rd quarter valued at about $100,000. Finally, Principal Financial Group Inc. boosted its holdings in Roblox by 308.2% in the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after buying an additional 137,267 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Down 3.8 %

NYSE RBLX opened at $50.73 on Friday. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $55.10. The stock has a market capitalization of $30.82 billion, a P/E ratio of -30.93 and a beta of 1.56. The firm’s 50-day moving average is $45.43 and its two-hundred day moving average is $40.53. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

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 analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.45) EPS. On average, sell-side analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on RBLX. Barclays increased their target price on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Macquarie lifted their target price on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $38.00 to $65.00 in a research report on Monday, November 4th. Needham & Company LLC boosted their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup increased their price objective on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the sale, the director now directly owns 4,707,579 shares of the company’s stock, valued at $236,932,451.07. This represents a 4.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the transaction, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at $4,019,545.95. This represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 987,373 shares of company stock worth $44,831,579. 22.15% of the stock is currently owned by company insiders.

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.