Roblox Co. (NYSE:RBLX) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,594 shares of the company's stock after selling 9,245 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Roblox were worth $8,214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Impact Partnership Wealth LLC increased its position in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock worth $298,000 after purchasing an additional 245 shares during the last quarter. Swedbank AB increased its holdings in shares of Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company's stock worth $1,983,000 after buying an additional 285 shares during the last quarter. Metis Global Partners LLC lifted its holdings in Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company's stock valued at $266,000 after acquiring an additional 288 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Roblox by 5.0% in the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company's stock worth $296,000 after acquiring an additional 321 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in Roblox by 0.3% during the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company's stock worth $6,048,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBLX. Wedbush reissued an "outperform" rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Benchmark lifted their price target on shares of Roblox from $44.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, November 4th. BTIG Research boosted their price objective on Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Macquarie raised their target price on Roblox from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.67.

Roblox Stock Down 0.0 %

NYSE:RBLX traded down $0.02 during midday trading on Friday, hitting $59.59. 5,792,193 shares of the company were exchanged, compared to its average volume of 7,662,958. 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 Co. has a fifty-two week low of $29.55 and a fifty-two week high of $61.05. The company has a market capitalization of $36.20 billion, a PE ratio of -36.34 and a beta of 1.50. The company has a fifty day simple moving average of $48.52 and a 200 day simple moving average of $42.97.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted ($0.45) EPS. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the completion of the sale, the chief financial officer now directly owns 352,844 shares of the company's stock, valued at approximately $14,643,026. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Baszucki sold 166,668 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the completion of the transaction, the chief executive officer now directly owns 135,755 shares in the company, valued at approximately $5,722,073.25. The trade was a 55.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,457,267 shares of company stock worth $74,422,648 in the last 90 days. 22.15% of the stock is owned by insiders.

About Roblox

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.