Roblox Corporation $RBLX Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Roblox Corporation (NYSE:RBLX) by 230.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 558,085 shares of the company’s stock after purchasing an additional 389,446 shares during the quarter. Victory Capital Management Inc.’s holdings in Roblox were worth $77,306,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Roblox during the 3rd quarter worth $26,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Roblox during the 3rd quarter valued at $37,000. Total Investment Management Inc. purchased a new position in Roblox in the 2nd quarter worth about $29,000. Root Financial Partners LLC purchased a new stake in shares of Roblox in the 3rd quarter valued at approximately $38,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Roblox in the third quarter valued at $41,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Oppenheimer lowered their price objective on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Needham & Company LLC reduced their price objective on shares of Roblox from $159.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Benchmark reissued a “hold” rating on shares of Roblox in a research report on Monday, February 2nd. Wolfe Research set a $100.00 target price on Roblox in a report on Monday, January 5th. Finally, Barclays decreased their price target on Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.35.

Insiders Place Their Bets

In related news, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value of $2,181,970.10. Following the sale, the insider owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. This trade represents a 8.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 59,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the transaction, the director directly owned 257,258 shares in the company, valued at approximately $20,570,349.68. This represents a 18.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 703,144 shares of company stock valued at $51,681,640 over the last 90 days. Corporate insiders own 12.92% of the company’s stock.

Roblox Trading Down 2.1%

Shares of RBLX stock opened at $65.97 on Friday. The firm’s fifty day simple moving average is $72.46 and its 200 day simple moving average is $100.10. The firm has a market capitalization of $43.65 billion, a P/E ratio of -42.56 and a beta of 1.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the company earned ($0.33) earnings per share. The business’s revenue was up 122.6% compared to the same quarter last year. As a group, sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

About Roblox

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.