Victory Capital Management Inc. Has $7.26 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Victory Capital Management Inc. lifted its holdings in shares of Roblox Co. (NYSE:RBLX) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,035 shares of the company’s stock after buying an additional 3,114 shares during the period. Victory Capital Management Inc.’s holdings in Roblox were worth $7,260,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RBLX. DekaBank Deutsche Girozentrale raised its holdings in shares of Roblox by 2.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after purchasing an additional 1,419 shares during the period. Entropy Technologies LP raised its holdings in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after purchasing an additional 62,521 shares during the period. Dragoneer Investment Group LLC raised its holdings in shares of Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the period. Itau Unibanco Holding S.A. raised its holdings in shares of Roblox by 62.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock valued at $1,395,000 after purchasing an additional 14,348 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Roblox by 319.6% in the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock valued at $1,075,000 after purchasing an additional 21,533 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 592 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total value of $25,645.44. Following the completion of the transaction, the insider now owns 276,892 shares of the company’s stock, valued at $11,994,961.44. This represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 166,666 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.71, for a total value of $8,451,632.86. Following the completion of the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at approximately $6,884,136.05. The trade was a 55.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 960,444 shares of company stock worth $45,566,664 in the last three months. 22.15% of the stock is owned by corporate insiders.

Roblox Trading Down 4.2 %

Shares of RBLX opened at $49.34 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10. The firm has a market cap of $29.97 billion, a price-to-earnings ratio of -30.08 and a beta of 1.56. The business’s fifty day moving average is $45.93 and its 200-day moving average is $40.88.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.45) earnings per share. Equities analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Roth Mkm increased their price target on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Benchmark increased their price target on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup increased their price target on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $65.00 in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.30.

Roblox 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.