IFM Investors Pty Ltd Purchases 8,145 Shares of Roblox Corporation $RBLX

IFM Investors Pty Ltd grew its position in shares of Roblox Corporation (NYSE:RBLX) by 8.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 109,416 shares of the company’s stock after acquiring an additional 8,145 shares during the quarter. IFM Investors Pty Ltd’s holdings in Roblox were worth $14,778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Total Investment Management Inc. purchased a new position in Roblox in the second quarter worth about $29,000. ORG Partners LLC purchased a new position in shares of Roblox in the 2nd quarter worth approximately $33,000. Whipplewood Advisors LLC bought a new position in shares of Roblox during the 2nd quarter valued at approximately $34,000. Generali Asset Management SPA SGR purchased a new stake in shares of Roblox in the second quarter valued at $40,000. Finally, Kiker Wealth Management LLC raised its stake in shares of Roblox by 2,646.7% in the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after acquiring an additional 397 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Up 0.8%

NYSE:RBLX opened at $81.63 on Thursday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The company has a 50-day moving average of $102.83 and a 200 day moving average of $114.39. The firm has a market cap of $53.45 billion, a PE ratio of -57.08 and a beta of 1.62.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company earned ($0.37) EPS. The company’s revenue was up 70.3% compared to the same quarter last year. As a group, research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of several analyst reports. B. Riley began coverage on shares of Roblox in a report on Tuesday, December 9th. They set a “buy” rating and a $125.00 price target on the stock. Wedbush reissued an “outperform” rating and set a $165.00 price target on shares of Roblox in a research note on Thursday, September 4th. Macquarie boosted their price objective on Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Piper Sandler set a $130.00 target price on Roblox in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $135.88.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $92.54, for a total value of $6,107,640.00. Following the completion of the transaction, the director directly owned 261,388 shares of the company’s stock, valued at approximately $24,188,845.52. The trade was a 20.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Naveen K. Chopra sold 19,424 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,849,747.52. Following the sale, the chief financial officer owned 337,036 shares of the company’s stock, valued at $32,095,938.28. This trade represents a 5.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 443,404 shares of company stock worth $45,687,339. 12.92% of the stock is currently owned by company insiders.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.