Roblox Co. (NYSE:RBLX) Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 195.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,852,131 shares of the company's stock after acquiring an additional 1,226,072 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.31% of Roblox worth $81,975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Roblox in the third quarter valued at $27,000. PARK CIRCLE Co purchased a new position in shares of Roblox during the second quarter worth approximately $30,000. GAMMA Investing LLC raised its position in Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after purchasing an additional 530 shares during the last quarter. Gilliland Jeter Wealth Management LLC raised its holdings in shares of Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock valued at $37,000 after buying an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Roblox during the first quarter worth about $39,000. Institutional investors and hedge funds own 91.08% of the company's stock.

Insider Activity at Roblox

In other news, insider Arvind Chakravarthy sold 592 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total value of $25,645.44. Following the completion of the sale, the insider now directly owns 276,892 shares in the company, valued at approximately $11,994,961.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Arvind Chakravarthy sold 592 shares of Roblox stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total value of $25,645.44. Following the sale, the insider now directly owns 276,892 shares in the company, valued at $11,994,961.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,933 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 625,673 shares of company stock valued at $27,331,806 over the last three months. 22.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on RBLX. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Roblox from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Needham & Company LLC boosted their price objective on shares of Roblox from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Macquarie raised their target price on shares of Roblox from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Barclays increased their price target on shares of Roblox from $35.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. Finally, Piper Sandler boosted their target price on shares of Roblox from $48.00 to $54.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.14.

Roblox Stock Down 0.2 %

Shares of NYSE RBLX traded down $0.07 during trading on Monday, reaching $39.86. 1,569,757 shares of the stock were exchanged, compared to its average volume of 7,266,229. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The business's 50-day moving average price is $43.08 and its 200 day moving average price is $38.96. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of -21.47 and a beta of 1.60. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $48.43.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.07. The company had revenue of $893.50 million during the quarter, compared to analysts' expectations of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business's revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.46) EPS. As a group, equities analysts forecast that Roblox Co. will post -1.59 EPS for the current fiscal year.

Roblox Company 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.