Atria Investments Inc Increases Stake in Roblox Corporation $RBLX

Atria Investments Inc increased its position in shares of Roblox Corporation (NYSE:RBLX) by 652.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,476 shares of the company’s stock after purchasing an additional 13,418 shares during the period. Atria Investments Inc’s holdings in Roblox were worth $2,144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Roblox by 2.3% during the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after buying an additional 231 shares during the period. Sivia Capital Partners LLC lifted its holdings in Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after buying an additional 5,363 shares during the period. Yousif Capital Management LLC lifted its holdings in Roblox by 1.9% during the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock worth $729,000 after buying an additional 127 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Roblox during the 2nd quarter valued at $359,000. Finally, Harbour Investments Inc. increased its holdings in shares of Roblox by 60.5% in the 2nd quarter. Harbour Investments Inc. now owns 549 shares of the company’s stock valued at $58,000 after acquiring an additional 207 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent research reports. B. Riley Financial started coverage on Roblox in a research report on Tuesday, December 9th. They set a “buy” rating and a $125.00 price objective on the stock. Barclays decreased their target price on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Morgan Stanley reduced their price objective on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company set a $97.00 price target on shares of Roblox in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.44.

Roblox Stock Down 0.4%

NYSE RBLX opened at $62.94 on Wednesday. The business has a fifty day moving average price of $77.16 and a 200 day moving average price of $104.93. The company has a market cap of $41.64 billion, a P/E ratio of -40.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59.

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

Insider Activity

In related news, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 307,263 shares of the company’s stock, valued at $22,322,656.95. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 272,269 shares of Roblox stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the completion of the transaction, the chief executive officer owned 811,373 shares of the company’s stock, valued at $58,954,362.18. This represents a 25.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 789,521 shares of company stock worth $61,989,659 over the last three months. Company insiders own 12.92% of the company’s stock.

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.