Roblox Co. (NYSE:RBLX) Shares Sold by Invictus Private Wealth LLC

Invictus Private Wealth LLC cut its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,777 shares of the company's stock after selling 17,409 shares during the period. Roblox comprises approximately 0.8% of Invictus Private Wealth LLC's portfolio, making the stock its 23rd largest position. Invictus Private Wealth LLC's holdings in Roblox were worth $10,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its stake in Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company's stock valued at $2,318,000 after purchasing an additional 1,419 shares during the last quarter. Dragoneer Investment Group LLC lifted its position in shares of Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock valued at $437,039,000 after buying an additional 2,488,044 shares during the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Roblox by 62.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company's stock worth $1,395,000 after acquiring an additional 14,348 shares during the period. Sei Investments Co. increased its holdings in Roblox by 18.3% in the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company's stock worth $11,000,000 after acquiring an additional 44,557 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Roblox by 319.6% in the 1st quarter. Acadian Asset Management LLC now owns 28,271 shares of the company's stock valued at $1,075,000 after acquiring an additional 21,533 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on RBLX. Raymond James lifted their target price on shares of Roblox from $51.00 to $60.00 and gave the stock a "strong-buy" rating in a research note on Thursday, October 31st. Wells Fargo & Company increased their target price on Roblox from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Roblox from $51.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday. Finally, BTIG Research upped their price target on Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.30.

Insider Activity

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now directly owns 374,633 shares of the company's stock, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roblox news, Director Anthony P. Lee sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the transaction, the director now directly owns 4,707,579 shares of the company's stock, valued at $236,932,451.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 989,341 shares of company stock worth $44,391,412. Corporate insiders own 22.15% of the company's stock.

Roblox Price Performance

RBLX stock traded up $1.26 during trading on Wednesday, reaching $52.44. The company's stock had a trading volume of 5,348,830 shares, compared to its average volume of 7,467,830. The company's fifty day moving average is $43.79 and its 200-day moving average is $39.48. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $53.07. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted ($0.45) EPS. The business's revenue was up 9.5% compared to the same quarter last year. Analysts predict that Roblox Co. will post -1.58 EPS for the current 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.