E. Ohman J or Asset Management AB Purchases New Shares in Roblox Corporation $RBLX

E. Ohman J or Asset Management AB acquired a new position in shares of Roblox Corporation (NYSE:RBLX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,700 shares of the company’s stock, valued at approximately $3,144,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Total Investment Management Inc. acquired a new position in shares of Roblox during the second quarter worth approximately $29,000. ORG Partners LLC bought a new position in Roblox in the 2nd quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new position in Roblox during the 2nd quarter worth $34,000. Generali Asset Management SPA SGR bought a new position in Roblox in the 2nd quarter valued at $40,000. Finally, Kiker Wealth Management LLC boosted its position in Roblox by 2,646.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.54, for a total value of $6,107,640.00. Following the completion of the sale, the director directly owned 261,388 shares in the company, valued at $24,188,845.52. This represents a 20.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arvind Chakravarthy sold 20,912 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,991,449.76. Following the sale, the insider directly owned 181,043 shares in the company, valued at approximately $17,240,724.89. This represents a 10.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 443,404 shares of company stock worth $45,687,339 over the last 90 days. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $82.16 on Friday. The firm’s 50 day simple moving average is $100.76 and its 200 day simple moving average is $114.23. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The company has a market capitalization of $53.80 billion, a price-to-earnings ratio of -57.46 and a beta of 1.62. 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) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business’s quarterly revenue was up 70.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.37) earnings per share. As a group, sell-side analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

RBLX has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and set a $165.00 price target on shares of Roblox in a research note on Thursday, September 4th. Canaccord Genuity Group set a $160.00 price objective on Roblox in a report on Thursday, October 30th. Bank of America upped their target price on shares of Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Jefferies Financial Group dropped their price target on shares of Roblox from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.88.

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.