Robeco Institutional Asset Management B.V. Purchases 706,939 Shares of Roblox Co. (NYSE:RBLX)

Robeco Institutional Asset Management B.V. grew its stake in Roblox Co. (NYSE:RBLX - Free Report) by 724.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 804,488 shares of the company's stock after acquiring an additional 706,939 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.13% of Roblox worth $35,607,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RBLX. Janney Montgomery Scott LLC raised its holdings in Roblox by 94.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company's stock worth $815,000 after acquiring an additional 8,939 shares during the last quarter. Cigna Investments Inc. New bought a new stake in shares of Roblox in the 3rd quarter worth $233,000. First Trust Direct Indexing L.P. raised its stake in shares of Roblox by 12.8% in the third quarter. First Trust Direct Indexing L.P. now owns 6,219 shares of the company's stock worth $275,000 after purchasing an additional 708 shares during the last quarter. Trajan Wealth LLC lifted its holdings in shares of Roblox by 5.5% during the third quarter. Trajan Wealth LLC now owns 310,836 shares of the company's stock valued at $13,758,000 after purchasing an additional 16,315 shares in the last quarter. Finally, Sicart Associates LLC purchased a new stake in shares of Roblox during the third quarter valued at $218,000. 91.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Roblox from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an "outperform" rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Benchmark increased their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Wolfe Research began coverage on shares of Roblox in a report on Tuesday, July 16th. They set a "peer perform" rating on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of Roblox from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Seven 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.30.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the completion of the transaction, the director now directly owns 4,707,579 shares of the company's stock, valued at $236,932,451.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Roblox news, Director Anthony P. Lee sold 200,000 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the completion of the transaction, the director now owns 4,707,579 shares in the company, valued at $236,932,451.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,029,373 shares of company stock valued at $46,476,179 in the last ninety days. Insiders own 22.15% of the company's stock.

Roblox Price Performance

RBLX traded up $1.68 during trading hours on Wednesday, hitting $52.86. The company's stock had a trading volume of 8,568,843 shares, compared to its average volume of 7,482,625. Roblox Co. has a 12 month low of $29.55 and a 12 month 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. The business's 50-day moving average price is $43.93 and its 200-day moving average price is $39.59. The stock has a market cap of $32.12 billion, a price-to-earnings ratio of -32.23 and a beta of 1.56.

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