Roblox Co. (NYSE:RBLX) Stock Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Roblox Co. (NYSE:RBLX) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,921 shares of the company’s stock after selling 2,385 shares during the quarter. Victory Capital Management Inc.’s holdings in Roblox were worth $5,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB raised its holdings in shares of Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after purchasing an additional 285 shares during the period. Thrive Wealth Management LLC raised its position in shares of Roblox by 4.3% during the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after purchasing an additional 300 shares during the period. Mystic Asset Management Inc. lifted its holdings in shares of Roblox by 4.0% in the 1st quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock worth $326,000 after purchasing an additional 325 shares during the last quarter. Center for Financial Planning Inc. boosted its position in Roblox by 2.3% during the 2nd quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock valued at $659,000 after purchasing an additional 400 shares during the period. Finally, Gilliland Jeter Wealth Management LLC grew its stake in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Roblox in a report on Thursday, July 11th. They set a “hold” rating and a $42.00 price target for the company. Barclays raised their price target on shares of Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Macquarie boosted their price objective on Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Wolfe Research assumed coverage on Roblox in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.40.

Roblox Stock Performance

Shares of RBLX stock opened at $45.87 on Monday. The stock’s fifty day simple moving average is $41.20 and its 200-day simple moving average is $38.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The company has a market capitalization of $27.12 billion, a price-to-earnings ratio of -24.66 and a beta of 1.60. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. The company had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.46) EPS. On average, sell-side analysts predict that Roblox Co. will post -1.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michael Guthrie sold 3,443 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $45.01, for a total transaction of $154,969.43. Following the completion of the sale, the chief financial officer now owns 352,844 shares in the company, valued at approximately $15,881,508.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Michael Guthrie sold 3,443 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $45.01, for a total value of $154,969.43. Following the sale, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at $15,881,508.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $36.67, for a total value of $476,710.00. Following the transaction, the director now directly owns 9,721,603 shares of the company’s stock, valued at approximately $356,491,182.01. The disclosure for this sale can be found here. Insiders have sold 608,675 shares of company stock valued at $25,410,923 over the last three months. 22.15% of the stock is currently owned by 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.