Forsta AP Fonden Boosts Stock Holdings in Roblox Co. (NYSE:RBLX)

Forsta AP Fonden boosted its position in Roblox Co. (NYSE:RBLX) by 10.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 101,200 shares of the company’s stock after purchasing an additional 9,800 shares during the period. Forsta AP Fonden’s holdings in Roblox were worth $4,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Roblox during the third quarter worth $27,000. PARK CIRCLE Co purchased a new stake in shares of Roblox during the second quarter worth $30,000. Strategic Financial Concepts LLC purchased a new stake in shares of Roblox during the second quarter worth $33,000. Gilliland Jeter Wealth Management LLC lifted its position in shares of Roblox by 102.4% during the second 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 in the last quarter. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Roblox during the first quarter worth $39,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the transaction, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at approximately $14,543,253.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at $4,019,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 779,341 shares of company stock valued at $33,831,012. 22.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RBLX shares. Citigroup increased their target price on Roblox from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Benchmark increased their target price on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and issued a $49.00 price target on shares of Roblox in a report on Friday, October 25th. Macquarie upped their price target on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Roblox from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Roblox Stock Up 0.8 %

RBLX opened at $42.62 on Wednesday. The stock has a market cap of $25.51 billion, a PE ratio of -24.78 and a beta of 1.60. 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 $29.55 and a 52 week high of $48.43. The business’s fifty day simple moving average is $43.36 and its 200 day simple moving average is $39.12.

Roblox (NYSE:RBLX) last released 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 return on equity of 1,187.59% and a negative net margin of 34.12%. The firm’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.46) earnings per share. As a group, research analysts expect that Roblox Co. will post -1.57 earnings per share for the current fiscal 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.