Scientech Research LLC Acquires New Holdings in Roblox Co. (NYSE:RBLX)

Scientech Research LLC bought a new position in shares of Roblox Co. (NYSE:RBLX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,741 shares of the company’s stock, valued at approximately $437,000.

A number of other institutional investors have also made changes to their positions in RBLX. DekaBank Deutsche Girozentrale boosted its position in shares of Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after purchasing an additional 1,419 shares during the period. Kodai Capital Management LP purchased a new position in shares of Roblox during the fourth quarter worth $6,805,000. Dragoneer Investment Group LLC grew its stake in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of Roblox by 41.4% in the 1st quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock valued at $423,000 after buying an additional 3,247 shares during the period. Finally, Sei Investments Co. lifted its stake in Roblox by 18.3% during the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after acquiring an additional 44,557 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the transaction, the chief financial officer now owns 374,633 shares of the company’s stock, valued at $14,168,620.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $14,168,620.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total transaction of $620,750.00. Following the completion of the transaction, the director now directly owns 9,662,103 shares in the company, valued at $461,365,418.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 792,341 shares of company stock valued at $33,923,126. Insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of Roblox in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. Barclays increased their target price on shares of Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their price target on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. Needham & Company LLC increased their price objective on Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, BTIG Research upped their price target on Roblox from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price of $44.81.

Roblox Trading Down 1.5 %

RBLX opened at $44.18 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 52 week low of $27.11 and a 52 week high of $48.43. The business’s 50 day moving average is $42.36 and its two-hundred day moving average is $38.54. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of -23.75 and a beta of 1.60.

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

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.