Commerce Bank Raises Holdings in Roblox Co. (NYSE:RBLX)

Commerce Bank boosted its stake in Roblox Co. (NYSE:RBLX) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,360 shares of the company’s stock after purchasing an additional 400 shares during the period. Commerce Bank’s holdings in Roblox were worth $326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Roblox during the third quarter worth about $27,000. Frazier Financial Advisors LLC lifted its holdings in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co bought a new stake in shares of Roblox in the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC purchased a new position in shares of Roblox during the second quarter valued at approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 200,000 shares of the 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 transaction, the director now owns 4,707,579 shares in the company, valued at $236,932,451.07. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manuel Bronstein sold 40,739 shares of Roblox stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the completion of the sale, the insider now directly owns 727,485 shares of the company’s stock, valued at approximately $32,736,825. This trade represents a 5.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,013,607 shares of company stock valued at $48,434,122 over the last ninety days. Insiders own 22.15% of the company’s stock.

Roblox Trading Up 0.6 %

Shares of NYSE RBLX opened at $49.37 on Thursday. The firm’s 50 day moving average price is $46.21 and its 200-day moving average price is $41.27. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $29.99 billion, a PE ratio of -30.10 and a beta of 1.56.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.45) EPS. On average, equities research analysts expect that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays lifted their price target on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. BTIG Research boosted their price target on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group raised their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wedbush reiterated an “outperform” rating and set a $49.00 target price on shares of Roblox in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised their target price on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $55.30.

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.