67,155 Roblox Corporation $RBLX Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its stake in Roblox Corporation (NYSE:RBLX) by 2,368.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,990 shares of the company’s stock after buying an additional 67,155 shares during the period. Fulcrum Asset Management LLP’s holdings in Roblox were worth $2,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RBLX. Allspring Global Investments Holdings LLC raised its position in shares of Roblox by 41.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 22,622 shares of the company’s stock worth $973,000 after acquiring an additional 6,608 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Roblox by 14.7% in the 3rd quarter. Brighton Jones LLC now owns 88,860 shares of the company’s stock valued at $3,765,000 after purchasing an additional 11,416 shares during the period. Ethic Inc. lifted its stake in shares of Roblox by 1.3% in the 3rd quarter. Ethic Inc. now owns 28,720 shares of the company’s stock valued at $1,217,000 after purchasing an additional 365 shares during the period. Parallel Advisors LLC boosted its position in shares of Roblox by 4.7% during the third quarter. Parallel Advisors LLC now owns 33,759 shares of the company’s stock valued at $1,430,000 after purchasing an additional 1,505 shares in the last quarter. Finally, Heritage Family Offices LLP bought a new stake in shares of Roblox during the third quarter valued at approximately $27,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roblox

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of Roblox stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $42.87, for a total transaction of $714,471.42. Following the completion of the transaction, the director owned 1,252,836 shares in the company, valued at approximately $53,709,079.32. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Naveen Chopra sold 17,509 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total value of $664,641.64. Following the completion of the sale, the chief financial officer directly owned 363,249 shares in the company, valued at $13,788,932.04. This trade represents a 4.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 169,724 shares of company stock valued at $6,659,063 in the last ninety days. Corporate insiders own 10.05% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of several recent research reports. Morgan Stanley reduced their price target on Roblox from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Benchmark lowered Roblox from a “hold” rating to a “sell” rating and set a $33.00 price objective for the company. in a research report on Friday, July 31st. The Goldman Sachs Group restated a “buy” rating and set a $55.00 target price on shares of Roblox in a report on Friday, October 30th. Roth Capital restated a “buy” rating and set a $84.00 target price (up from $78.00) on shares of Roblox in a report on Monday, October 26th. Finally, Weiss Ratings raised shares of Roblox from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.04.

Roblox Price Performance

RBLX stock opened at $51.09 on Wednesday. The firm has a 50 day moving average price of $47.65 and a 200-day moving average price of $51.53. Roblox Corporation has a 52-week low of $33.88 and a 52-week high of $105.53. The firm has a market capitalization of $34.30 billion, a price-to-earnings ratio of -37.02 and a beta of 1.45. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.80 and a current ratio of 0.80.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.11. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Roblox had a negative return on equity of 417.56% and a negative net margin of 16.48%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.37) EPS. Equities research analysts forecast that Roblox Corporation will post -1.36 EPS for the current fiscal year.

About Roblox

Roblox Corporation operates an online platform where users can create, share and play interactive 3D experiences. The company provides Roblox Studio, a set of tools that creators use to build games and other virtual spaces, as well as services for users to connect and communicate within those experiences. Roblox supports a creator economy through Robux, its virtual currency, which users can use for digital items and purchases in experiences. Eligible creators can earn revenue from their work through purchases and other platform programs.