nVerses Capital LLC Buys Shares of 1,700 Roblox Co. (NYSE:RBLX)

nVerses Capital LLC purchased a new position in Roblox Co. (NYSE:RBLX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,700 shares of the company’s stock, valued at approximately $63,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in Roblox by 2.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after acquiring an additional 1,419 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Roblox by 3,188.8% during the 4th quarter. International Assets Investment Management LLC now owns 84,719 shares of the company’s stock valued at $3,873,000 after purchasing an additional 82,143 shares during the last quarter. Kodai Capital Management LP purchased a new position in shares of Roblox during the 4th quarter valued at about $6,805,000. SteelPeak Wealth LLC lifted its position in Roblox by 41.4% in the 1st quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock worth $423,000 after buying an additional 3,247 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Roblox by 18.3% in the first quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after buying an additional 44,557 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

RBLX stock opened at $43.25 on Thursday. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. The firm has a 50-day moving average of $40.22 and a 200 day moving average of $38.01. The company has a market cap of $25.89 billion, a P/E ratio of -23.25 and a beta of 1.60.

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

Wall Street Analyst Weigh In

Several research analysts have commented on RBLX shares. Piper Sandler reissued an “overweight” rating and set a $40.00 price target (down from $56.00) on shares of Roblox in a research note on Friday, May 10th. Wells Fargo & Company lifted their target price on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Macquarie upped their price target on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Moffett Nathanson raised Roblox from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $31.00 to $26.00 in a research note on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eight investment 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 stock. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $44.15.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the sale, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Mark Reinstra sold 12,000 shares of Roblox stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the transaction, the insider now directly owns 342,656 shares in the company, valued at $13,706,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 12,258 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $44.09, for a total value of $540,455.22. Following the completion of the sale, the chief accounting officer now directly owns 87,360 shares in the company, valued at $3,851,702.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 715,779 shares of company stock worth $28,583,909. 22.15% of the stock is owned by corporate insiders.

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.