Ninety One SA PTY Ltd Takes $2.50 Million Position in Roblox Corporation (NYSE:RBLX)

Ninety One SA PTY Ltd acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,937 shares of the company's stock, valued at approximately $2,500,000.

A number of other hedge funds have also made changes to their positions in RBLX. M&T Bank Corp boosted its position in shares of Roblox by 2.2% in the 4th quarter. M&T Bank Corp now owns 20,539 shares of the company's stock valued at $1,188,000 after purchasing an additional 434 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Roblox in the 4th quarter valued at about $6,455,000. Raymond James Financial Inc. acquired a new stake in shares of Roblox in the 4th quarter valued at about $24,217,000. Candriam S.C.A. boosted its position in shares of Roblox by 12.3% in the 4th quarter. Candriam S.C.A. now owns 28,083 shares of the company's stock valued at $1,625,000 after purchasing an additional 3,086 shares during the period. Finally, Amundi boosted its position in shares of Roblox by 111.4% in the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock valued at $198,010,000 after purchasing an additional 1,681,263 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $103.89, for a total transaction of $6,856,740.00. Following the sale, the director owned 284,488 shares in the company, valued at $29,555,458.32. This trade represents a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $103.35, for a total value of $620,100.00. Following the sale, the insider owned 319,223 shares in the company, valued at $32,991,697.05. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,639,690 shares of company stock worth $592,114,022 over the last quarter. 12.92% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RBLX shares. Wedbush raised Roblox to a "strong-buy" rating in a research report on Tuesday, July 1st. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Benchmark increased their price objective on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $105.00 price objective (up from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Finally, BTIG Research increased their price objective on Roblox from $73.00 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.52.

Roblox Stock Performance

Roblox stock opened at $107.71 on Tuesday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $88.90 and a two-hundred day moving average of $71.16. The company has a market capitalization of $73.06 billion, a price-to-earnings ratio of -80.38 and a beta of 1.60. Roblox Corporation has a fifty-two week low of $35.30 and a fifty-two week high of $108.66.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted ($0.43) earnings per share. Roblox's revenue was up 30.6% compared to the same quarter last year. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.

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