MBB Public Markets I LLC Makes New Investment in Roblox Co. (NYSE:RBLX)

MBB Public Markets I LLC purchased a new stake in Roblox Co. (NYSE:RBLX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,300 shares of the company’s stock, valued at approximately $1,165,000.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Roblox by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 442,836 shares of the company’s stock worth $20,250,000 after purchasing an additional 59,327 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Roblox by 85.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,235 shares of the company’s stock valued at $605,000 after acquiring an additional 6,082 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Roblox by 98.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,689 shares of the company’s stock valued at $214,000 after acquiring an additional 2,332 shares in the last quarter. TD Asset Management Inc increased its holdings in Roblox by 36.0% during the 4th quarter. TD Asset Management Inc now owns 106,681 shares of the company’s stock worth $4,877,000 after acquiring an additional 28,220 shares during the period. Finally, Stifel Financial Corp lifted its stake in Roblox by 3.3% in the 4th quarter. Stifel Financial Corp now owns 133,118 shares of the company’s stock worth $6,086,000 after purchasing an additional 4,301 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Up 0.2 %

Shares of Roblox stock opened at $44.26 on Tuesday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox Co. has a 52-week low of $27.90 and a 52-week high of $48.43. The company’s 50 day moving average price is $42.43 and its 200-day moving average price is $38.56. The stock has a market capitalization of $26.17 billion, a price-to-earnings ratio of -23.80 and a beta of 1.60.

Roblox (NYSE:RBLX) last released its quarterly earnings data 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 firm 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 revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.46) earnings per share. Equities research analysts forecast that Roblox Co. will post -1.59 EPS for the current year.

Insider Buying and Selling at Roblox

In other news, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total value of $620,750.00. Following the sale, the director now directly owns 9,662,103 shares in the company, valued at approximately $461,365,418.25. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total value of $620,750.00. Following the completion of the sale, the director now directly owns 9,662,103 shares of the company’s stock, valued at approximately $461,365,418.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark Reinstra sold 17,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $45.58, for a total transaction of $774,860.00. Following the transaction, the insider now owns 327,009 shares in the company, valued at approximately $14,905,070.22. The disclosure for this sale can be found here. Insiders sold 792,341 shares of company stock valued at $33,923,126 in the last 90 days. Insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of several research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price target on shares of Roblox in a report on Tuesday, July 30th. Roth Mkm upped their target price on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Barclays lifted their price target on Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Needham & Company LLC upped their price objective on shares of Roblox from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, BTIG Research lifted their target price on shares of Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Eight equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.81.

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.