19,605 Shares in Roblox Corporation $RBLX Purchased by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd acquired a new stake in Roblox Corporation (NYSE:RBLX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 19,605 shares of the company’s stock, valued at approximately $2,716,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC raised its holdings in shares of Roblox by 220.7% during the first quarter. AlphaQuest LLC now owns 2,659 shares of the company’s stock valued at $155,000 after buying an additional 1,830 shares during the last quarter. Comerica Bank increased its position in Roblox by 89.9% in the 1st quarter. Comerica Bank now owns 13,566 shares of the company’s stock valued at $791,000 after acquiring an additional 6,421 shares during the period. Panagora Asset Management Inc. raised its stake in Roblox by 208.1% during the 1st quarter. Panagora Asset Management Inc. now owns 589,567 shares of the company’s stock valued at $34,366,000 after acquiring an additional 398,226 shares in the last quarter. Baird Financial Group Inc. boosted its position in Roblox by 5.0% during the 1st quarter. Baird Financial Group Inc. now owns 7,192 shares of the company’s stock worth $419,000 after acquiring an additional 342 shares during the period. Finally, MAI Capital Management grew its stake in shares of Roblox by 51.3% in the first quarter. MAI Capital Management now owns 1,596 shares of the company’s stock worth $93,000 after purchasing an additional 541 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the sale, the director directly owned 266,008 shares of the company’s stock, valued at $27,683,452.56. The trade was a 19.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew D. Kaufman sold 20,867 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $96.10, for a total value of $2,005,318.70. Following the sale, the insider directly owned 239,775 shares of the company’s stock, valued at approximately $23,042,377.50. This represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 443,404 shares of company stock worth $45,687,339. Corporate insiders own 12.92% of the company’s stock.

Roblox Stock Up 0.3%

NYSE RBLX opened at $82.16 on Friday. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The company has a market capitalization of $53.80 billion, a P/E ratio of -57.46 and a beta of 1.62. The company’s 50 day simple moving average is $100.76 and its 200 day simple moving average is $114.23. 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 (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm’s revenue for the quarter was up 70.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.37) earnings per share. Equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RBLX. JPMorgan Chase & Co. cut shares of Roblox from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $145.00 to $100.00 in a research note on Friday, December 12th. BTIG Research lowered their target price on shares of Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Barclays increased their price objective on shares of Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Finally, Wedbush reissued an “outperform” rating and set a $165.00 target price on shares of Roblox in a report on Thursday, September 4th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $135.88.

Roblox 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.