Roblox Co. (NYSE:RBLX) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Roblox Co. (NYSE:RBLX) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 164,035 shares of the company’s stock after purchasing an additional 3,114 shares during the quarter. Victory Capital Management Inc.’s holdings in Roblox were worth $7,260,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Impact Partnership Wealth LLC increased its position in shares of Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after purchasing an additional 245 shares during the period. Swedbank AB boosted its stake in shares of Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after acquiring an additional 285 shares in the last quarter. Thrive Wealth Management LLC boosted its stake 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 acquiring an additional 300 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Roblox by 0.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock worth $6,048,000 after acquiring an additional 380 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in shares of Roblox by 2.3% during the 2nd quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock worth $659,000 after acquiring an additional 400 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RBLX shares. Macquarie raised their price objective on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC raised their target price on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler increased their price objective on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Roth Mkm raised their target price on Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Seven 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Insider Buying and Selling at Roblox

In related news, insider Arvind Chakravarthy sold 592 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total value of $25,645.44. Following the completion of the transaction, the insider now owns 276,892 shares in the company, valued at $11,994,961.44. The trade was a 0.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony P. Lee sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the completion of the transaction, the director now owns 4,707,579 shares of the company’s stock, valued at $236,932,451.07. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 960,444 shares of company stock valued at $45,566,664. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Down 4.2 %

NYSE RBLX opened at $49.34 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock’s 50 day moving average is $45.93 and its two-hundred day moving average is $40.88. The company has a market capitalization of $29.97 billion, a price-to-earnings ratio of -30.08 and a beta of 1.56. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10.

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

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.