Blueshift Asset Management LLC Has $1.70 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Blueshift Asset Management LLC increased its stake in Roblox Co. (NYSE:RBLX) by 78.7% during the third quarter, Holdings Channel.com reports. The fund owned 38,391 shares of the company’s stock after buying an additional 16,902 shares during the period. Blueshift Asset Management LLC’s holdings in Roblox were worth $1,699,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RBLX. V Square Quantitative Management LLC bought a new stake in shares of Roblox in the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC boosted its position in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new stake in Roblox during the 2nd quarter worth about $30,000. GAMMA Investing LLC lifted its stake in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares during the period. Finally, Gilliland Jeter Wealth Management LLC grew its stake in 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 purchasing an additional 506 shares during the period. 91.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RBLX. Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $65.00 in a report on Monday, November 4th. Citigroup upped their price objective on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Canaccord Genuity Group increased their price target on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company boosted their price objective on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Stock Down 0.2 %

RBLX opened at $49.06 on Wednesday. The company’s 50-day moving average price is $46.13 and its two-hundred day moving average price is $41.22. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $55.10. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of -29.91 and a beta of 1.56.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.45) EPS. As a group, equities analysts expect that Roblox Co. will post -1.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 200,000 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 3,601 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the transaction, the chief accounting officer now owns 81,407 shares of the company’s stock, valued at approximately $4,014,993.24. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,013,607 shares of company stock worth $48,434,122 over the last 90 days. Corporate insiders own 22.15% of the company’s stock.

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.