Triglav Investments D.O.O. Takes Position in Roblox Corporation $RBLX

Key Points

• Triglav Investments D.O.O. purchased a new stake of 23,000 shares in Roblox (RBLX) during Q3, valued at approximately $3.19 million.
• Company insiders have been net sellers — Director Anthony P. Lee sold 66,000 shares and another insider sold 20,912 shares; insiders sold 423,899 shares worth about $37.9 million in the last 90 days and now own 12.92% of the stock.
• Institutional investors hold 94.46% of the shares and analyst coverage is mixed: the MarketBeat consensus is a "Hold" with an average target of $130.88, though firms like Goldman Sachs recently upgraded to a "Buy" with a $180 target.

Triglav Investments D.O.O. purchased a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 23,000 shares of the company's stock, valued at approximately $3,186,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Roblox by 75.6% during the third quarter. Envestnet Asset Management Inc. now owns 205,498 shares of the company's stock valued at $28,466,000 after buying an additional 88,467 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of Roblox by 14.5% during the third quarter. Premier Path Wealth Partners LLC now owns 3,904 shares of the company's stock valued at $541,000 after acquiring an additional 494 shares during the period. Atala Financial Inc lifted its position in shares of Roblox by 2.1% in the 3rd quarter. Atala Financial Inc now owns 51,325 shares of the company's stock valued at $7,110,000 after acquiring an additional 1,068 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Roblox by 29.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 285,856 shares of the company's stock worth $39,597,000 after purchasing an additional 65,237 shares during the period. Finally, Heritage Investors Management Corp acquired a new position in Roblox in the 3rd quarter worth approximately $234,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In other news, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the transaction, the director owned 261,388 shares in the company, valued at $24,188,845.52. This represents a 20.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 20,912 shares of the firm's stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $95.23, for a total transaction of $1,991,449.76. Following the transaction, the insider owned 181,043 shares in the company, valued at $17,240,724.89. This represents a 10.35% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 423,899 shares of company stock valued at $37,883,851. 12.92% of the stock is currently owned by company insiders.

Roblox Stock Down 3.4%

RBLX opened at $63.16 on Thursday. The company has a market capitalization of $41.36 billion, a PE ratio of -44.17 and a beta of 1.63. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The business has a 50-day moving average of $82.41 and a 200-day moving average of $108.62.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial restated an "outperform" rating and issued a $165.00 target price (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Needham & Company LLC reissued a "buy" rating and set a $159.00 price target on shares of Roblox in a research report on Friday, October 31st. Oppenheimer restated an "outperform" rating and set a $150.00 price objective on shares of Roblox in a research report on Friday, October 31st. Roth Mkm reaffirmed a "neutral" rating and set a $146.00 target price on shares of Roblox in a research note on Friday, October 17th. Finally, The Goldman Sachs Group raised shares of Roblox from a "neutral" rating to a "buy" rating and increased their price target for the stock from $155.00 to $180.00 in a research report on Friday, October 31st. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $130.88.

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.

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