Jupiter Asset Management Ltd. acquired a new position in Roblox Co. (NYSE:RBLX – Free Report) in the second quarter, according to the latest filing from the Securities and Exchange Commission. The fund bought 155,660 shares of the company’s stock valued at approximately $6,272,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management LP acquired a new position in shares of Roblox in the 1st quarter valued at $32,000. Resurgent Financial Advisors LLC purchased a new position in shares of Roblox in the 4th quarter valued at $25,000. High Net Worth Advisory Group LLC increased its stake in Roblox shares by 900.0% in the first quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock valued at $46,000 after purchasing an additional 900 shares in the last quarter. Manchester Capital Management LLC increased its stake in Roblox shares by 62.3% in the first quarter. Manchester Capital Management LLC now owns 1,298 shares of the company’s stock valued at $58,000 after purchasing an additional 498 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Roblox in the 4th quarter valued at $43,000. 69.92% of shares are owned by hedge funds and other institutional investors.
Insider activity in Roblox
In related news, CAO Amy Marie Rawlings sold 3,089 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $27.14, for a total transaction of $83,835.46. Following the completion of the sale, the chief accountant now owns 92,556 shares of the company’s stock, valued at approximately $2,511,969.84. The sale was disclosed in a legal document filed with the SEC, which is available at this link. In other Roblox news, CFO Michael Guthrie sold 14,363 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $27.14, for a total value of $389,811.82. Following the completion of the transaction, the CFO now owns 272,937 shares of the company’s stock, valued at approximately $7,407,510.18. The transaction was disclosed in an SEC official filing, which is available on the SEC’s website. Also, CAO Amy Marie Rawlings sold 3,089 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $27.14, for a total transaction of $83,835.46. Following the completion of the transaction, the chief accountant now owns 92,556 shares of the company’s stock, valued at approximately $2,511,969.84. Disclosure information regarding this sale can be found here. In the last quarter, insiders sold a total of 67,200 shares of the company’s stock worth $1,861,227. Insiders own 27.67% of the company’s shares.
Roblox price performance
RBLX opened at $37.91 on Friday. The company has a 50-day moving average of $31.31 and a 200-day moving average of $35.09. The company has a market capitalization of $21.75 billion, a P/E ratio of -20.72 and a beta of 1.56. Roblox Co. has a one-year low of $24.88 and a one-year high of $47.65. The company has a debt-to-equity ratio of 8.38, a quick ratio of 1.06 and a current ratio of 1.06.
Roblox (NYSE:RBLX – Get Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.07. Roblox had a negative net margin of 42.54% and a negative return on equity of 536.12%. The business had revenue of $839.45 million for the quarter, compared to the consensus estimate of $824.71 million. During the same quarter in the prior year, the firm earned ($0.50) earnings per share. The company’s revenue for the quarter increased 19.6% compared to the same quarter last year. Equity analysts expect Roblox Co. will report -1.9 earnings per share for the current fiscal year.
Wall Street analysts weigh in
Several equity research analysts have recently weighed in on RBLX stock. Canaccord Genuity Group lowered their target price on shares of Roblox from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, August 11th. Needham & Company LLC raised their target price on shares of Roblox from $40.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Citigroup lowered their target price on shares of Roblox from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, August 17th. Barclays lowered their target price on shares of Roblox from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, August 10th. Finally, Piper Sandler raised their price target on shares of Roblox from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Roblox currently has an average rating of Moderate Buy and an average price target of $41.25, according to MarketBeat.
View our latest RBLX research report
About Roblox
(Free report)
Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free set of tools that allows developers and creators to create, publish and manage 3D applications and other content; Roblox Client, an application that allows users to explore a 3D digital world; Roblox Education for experience; and Roblox Cloud, which provides the services and infrastructure that underpin the people’s collaborative experience platform.
Further reading
Want to know what other hedge funds are holding RBLX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Roblox Co. (NYSE:RBLX – Free Report).
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