Teachers Retirement System of The State of Kentucky Purchases 500 Shares of Roblox Co. (NYSE:RBLX)

Teachers Retirement System of The State of Kentucky grew its position in Roblox Co. (NYSE:RBLX) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 211,237 shares of the company’s stock after buying an additional 500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Roblox were worth $9,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Roblox during the 3rd quarter worth $27,000. Frazier Financial Advisors LLC grew its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after acquiring an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new position in shares of Roblox during the second quarter valued at about $30,000. Strategic Financial Concepts LLC purchased a new position in shares of Roblox in the 2nd quarter valued at approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC grew its position 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 purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the subject of several research reports. BTIG Research lifted their price objective on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their target price on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their price target on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Benchmark increased their price objective on Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Citigroup lifted their target price on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Insider Buying and Selling at Roblox

In related news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the completion of the transaction, the chief financial officer now owns 352,844 shares in the company, valued at $14,643,026. This represents a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,412,379 shares of company stock valued at $71,728,919. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $59.61 on Friday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $61.05. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $48.52 and its 200 day moving average price is $42.97.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) 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 company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm earned ($0.45) EPS. Equities analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

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.