GAMMA Investing LLC Grows Stock Holdings in Roblox Co. (NYSE:RBLX)

GAMMA Investing LLC lifted its position in Roblox Co. (NYSE:RBLX) by 132.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 929 shares of the company’s stock after purchasing an additional 530 shares during the quarter. GAMMA Investing LLC’s holdings in Roblox were worth $41,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of RBLX. PARK CIRCLE Co bought a new stake in 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 worth approximately $33,000. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares during the last quarter. Washington Trust Advisors Inc. purchased a new stake in shares of Roblox in the 1st quarter valued at $39,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 price target for the company. Benchmark increased their target price on Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Wolfe Research began coverage on Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. BTIG Research increased their price objective on Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group lifted their target price on shares of Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.14.

Roblox Stock Performance

Shares of Roblox stock opened at $39.86 on Friday. The business has a fifty day simple moving average of $43.03 and a two-hundred day simple moving average of $38.91. The firm has a market capitalization of $23.57 billion, a P/E ratio of -21.43 and a beta of 1.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $48.43.

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

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the sale, the insider now directly owns 342,656 shares of the company’s stock, valued at approximately $13,706,240. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Mark Reinstra sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total value of $480,000.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Arvind Chakravarthy sold 14,176 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $43.94, for a total transaction of $622,893.44. Following the sale, the insider now owns 276,892 shares in the company, valued at approximately $12,166,634.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 625,673 shares of company stock valued at $27,331,806 in the last 90 days. Corporate insiders own 22.15% of the company’s stock.

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.