Roblox Co. (NYSE:RBLX) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its stake in Roblox Co. (NYSE:RBLX) by 54.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 547,571 shares of the company’s stock after buying an additional 192,256 shares during the quarter. Canada Pension Plan Investment Board owned about 0.09% of Roblox worth $20,375,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Swedbank AB grew its stake in shares of 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 buying an additional 285 shares in the last quarter. Thrive Wealth Management LLC boosted its holdings in Roblox by 4.3% in the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after purchasing an additional 300 shares during the last quarter. Mystic Asset Management Inc. boosted its holdings in Roblox by 4.0% in the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock valued at $326,000 after purchasing an additional 325 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in Roblox by 2.3% in the second quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock valued at $659,000 after purchasing an additional 400 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Transactions at Roblox

In other news, CFO Michael Guthrie sold 30,000 shares of the company’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 completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,168,620.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Amy Marie Rawlings sold 4,933 shares of the business’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 completion of the transaction, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $37.82, for a total value of $1,134,600.00. Following the transaction, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at approximately $14,168,620.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 775,341 shares of company stock worth $33,004,226. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Performance

RBLX opened at $46.03 on Monday. The company has a market cap of $27.22 billion, a PE ratio of -24.75 and a beta of 1.60. The stock has a 50-day moving average of $41.83 and a 200-day moving average of $38.36. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.49. 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 (NYSE:RBLX) last released its quarterly 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. The company had revenue of $893.50 million during the quarter, compared to the consensus estimate 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 company posted ($0.46) EPS. As a group, equities research analysts forecast that Roblox Co. will post -1.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RBLX. Jefferies Financial Group began coverage on Roblox in a report on Thursday, July 11th. They set a “hold” rating and a $42.00 target price on the stock. Wells Fargo & Company raised their price target on Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Barclays raised their price target on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $46.00 price target on shares of Roblox in a report on Monday, July 29th. Finally, Roth Mkm raised their price target on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roblox 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.