DekaBank Deutsche Girozentrale Grows Stock Position in Roblox Co. (NYSE:RBLX)

DekaBank Deutsche Girozentrale raised its stake in Roblox Co. (NYSE:RBLX) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,067 shares of the company’s stock after purchasing an additional 3,547 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Roblox were worth $2,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Roblox

In related news, Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $36.67, for a total value of $476,710.00. Following the sale, the director now owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total value of $476,710.00. Following the sale, the director now directly owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Manuel Bronstein sold 15,380 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $45.00, for a total transaction of $692,100.00. Following the transaction, the insider now owns 712,105 shares of the company’s stock, valued at $32,044,725. The disclosure for this sale can be found here. Over the last three months, insiders sold 608,675 shares of company stock valued at $25,410,923. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Performance

NYSE RBLX opened at $45.29 on Thursday. 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 $24.88 and a 12-month high of $47.49. The stock has a market capitalization of $27.11 billion, a price-to-earnings ratio of -24.35 and a beta of 1.60. The business’s 50 day moving average is $41.57 and its two-hundred day moving average is $38.27.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RBLX. Barclays boosted their price objective on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. BMO Capital Markets restated an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a research note on Tuesday, July 30th. Wedbush reiterated an “outperform” rating and set a $46.00 target price on shares of Roblox in a research report on Monday, July 29th. Needham & Company LLC upped their target price on Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Roth Mkm lifted their price target on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.40.

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.