Roblox Corporation $RBLX Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its stake in shares of Roblox Corporation (NYSE:RBLXFree Report) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,500 shares of the company’s stock after acquiring an additional 9,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Roblox were worth $28,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Total Investment Management Inc. acquired a new position in Roblox during the 2nd quarter worth $29,000. Salomon & Ludwin LLC acquired a new stake in Roblox in the 3rd quarter valued at about $41,000. Whipplewood Advisors LLC purchased a new position in shares of Roblox in the 2nd quarter valued at about $34,000. ORG Partners LLC acquired a new position in shares of Roblox during the second quarter worth about $33,000. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Roblox during the second quarter worth about $40,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RBLX. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 target price (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Roth Capital reissued a “neutral” rating and issued a $146.00 price objective on shares of Roblox in a research report on Friday, October 17th. Wolfe Research set a $100.00 price objective on shares of Roblox in a report on Monday. Morgan Stanley reiterated an “overweight” rating on shares of Roblox in a research note on Thursday, December 11th. Finally, Citigroup increased their target price on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Eighteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.96.

Get Our Latest Analysis on RBLX

Key Stories Impacting Roblox

Here are the key news stories impacting Roblox this week:

Roblox Trading Up 0.9%

Shares of Roblox stock opened at $76.48 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The company has a fifty day simple moving average of $92.60 and a 200-day simple moving average of $113.13. The stock has a market cap of $50.08 billion, a price-to-earnings ratio of -53.48 and a beta of 1.64. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business earned ($0.37) EPS. Roblox’s revenue for the quarter was up 70.3% compared to the same quarter last year. On average, equities analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 2,642 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.24, for a total value of $251,624.08. Following the completion of the sale, the chief accounting officer directly owned 46,452 shares of the company’s stock, valued at approximately $4,424,088.48. The trade was a 5.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Reinstra sold 16,782 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.24, for a total value of $1,598,317.68. Following the transaction, the insider owned 370,532 shares in the company, valued at $35,289,467.68. This represents a 4.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 430,404 shares of company stock valued at $40,597,079. 12.92% of the stock is owned by insiders.

About Roblox

(Free Report)

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.

Further Reading

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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