Roblox Corporation $RBLX Stock Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. raised its position in shares of Roblox Corporation (NYSE:RBLX) by 56.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,159 shares of the company’s stock after buying an additional 17,360 shares during the period. Machina Capital S.A.S.’s holdings in Roblox were worth $2,040,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RBLX. Basecamp Wealth Advisors LLC boosted its holdings in shares of Roblox by 98.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock worth $29,000 after purchasing an additional 252 shares during the period. Activest Wealth Management increased its holdings in Roblox by 72.9% during the 3rd quarter. Activest Wealth Management now owns 588 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares during the period. Western Wealth Management LLC bought a new position in Roblox during the 1st quarter valued at approximately $33,000. Atlantic Private Wealth LLC purchased a new stake in Roblox in the 1st quarter worth approximately $35,000. Finally, Heritage Family Offices LLP purchased a new stake in Roblox in the 3rd quarter worth approximately $27,000. Institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In related news, Director Gregory Baszucki sold 16,666 shares of Roblox stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $42.87, for a total transaction of $714,471.42. Following the completion of the transaction, the director directly owned 1,252,836 shares of the company’s stock, valued at $53,709,079.32. This trade represents a 1.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sean Buckley sold 4,321 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $38.68, for a total transaction of $167,136.28. Following the sale, the insider directly owned 87,213 shares in the company, valued at $3,373,398.84. The trade was a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 174,795 shares of company stock worth $6,921,031. 10.05% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on RBLX. Canaccord Genuity Group set a $58.00 target price on Roblox in a research note on Friday, July 31st. TD Cowen dropped their price target on Roblox from $49.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Roblox in a report on Friday, October 30th. UBS Group reduced their price objective on shares of Roblox from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Finally, Deutsche Bank lowered shares of Roblox from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $56.00 to $38.00 in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.04.

Roblox Trading Down 2.2%

NYSE RBLX opened at $51.45 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 7.82. Roblox Corporation has a twelve month low of $33.88 and a twelve month high of $104.21. The firm has a market capitalization of $34.54 billion, a PE ratio of -37.28 and a beta of 1.45. The stock’s 50 day moving average is $48.10 and its 200 day moving average is $51.31.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.11. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.63 billion. Roblox had a negative return on equity of 417.56% and a negative net margin of 16.48%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.37) earnings per share. Research analysts forecast that Roblox Corporation will post -1.36 earnings per share for the current fiscal year.

Roblox Company Profile

Roblox Corporation operates an online platform where users can create, share and play interactive 3D experiences. The company provides Roblox Studio, a set of tools that creators use to build games and other virtual spaces, as well as services for users to connect and communicate within those experiences. Roblox supports a creator economy through Robux, its virtual currency, which users can use for digital items and purchases in experiences. Eligible creators can earn revenue from their work through purchases and other platform programs.