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

Victory Capital Management Inc. raised its stake in Roblox Corporation (NYSE:RBLX) by 230.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 558,085 shares of the company’s stock after acquiring an additional 389,446 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Roblox worth $77,306,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. WPG Advisers LLC raised its holdings in Roblox by 17.8% in the 3rd quarter. WPG Advisers LLC now owns 555 shares of the company’s stock valued at $77,000 after acquiring an additional 84 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after acquiring an additional 102 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Roblox by 1.3% during the 2nd quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock worth $897,000 after acquiring an additional 106 shares during the period. QTR Family Wealth LLC grew its holdings in Roblox by 2.6% in the third quarter. QTR Family Wealth LLC now owns 4,446 shares of the company’s stock valued at $616,000 after purchasing an additional 111 shares during the period. Finally, Perpetual Ltd increased its position in Roblox by 0.6% during the third quarter. Perpetual Ltd now owns 19,043 shares of the company’s stock worth $2,638,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other news, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,181,970.10. Following the transaction, the insider directly owned 307,263 shares in the company, valued at approximately $22,322,656.95. This trade represents a 8.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Arvind Chakravarthy sold 40,646 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total transaction of $2,732,630.58. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RBLX shares. Roth Mkm upgraded Roblox from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $84.00 in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on Roblox in a research note on Tuesday, January 20th. Citigroup dropped their target price on shares of Roblox from $152.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.35.

Roblox Trading Down 2.1%

RBLX opened at $65.97 on Friday. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $43.65 billion, a PE ratio of -42.56 and a beta of 1.62. The firm’s fifty day moving average price is $72.46 and its 200 day moving average price is $100.10.

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

Roblox Company Profile

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.