Triglav Investments D.O.O. Makes New Investment in Roblox Corporation $RBLX

Triglav Investments D.O.O. acquired a new stake in shares of Roblox Corporation (NYSE:RBLX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,000 shares of the company’s stock, valued at approximately $3,186,000.

Other institutional investors have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd bought a new stake in Roblox during the third quarter worth approximately $26,000. Total Investment Management Inc. acquired a new stake in shares of Roblox in the second quarter worth $29,000. Whipplewood Advisors LLC bought a new stake in shares of Roblox during the 2nd quarter worth $34,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Roblox in the 3rd quarter valued at $37,000. Finally, Root Financial Partners LLC bought a new position in Roblox in the 3rd quarter worth $38,000. 94.46% of the stock is owned by institutional investors.

Roblox Price Performance

Shares of NYSE:RBLX opened at $63.16 on Thursday. The firm has a market capitalization of $41.36 billion, a PE ratio of -44.17 and a beta of 1.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The business’s 50 day moving average is $82.41 and its 200-day moving average is $108.62.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RBLX shares. Canaccord Genuity Group decreased their price target on shares of Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday. Barclays raised their target price on Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft set a $115.00 price target on Roblox in a report on Tuesday, January 20th. BTIG Research lowered their price objective on shares of Roblox from $174.00 to $141.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Morgan Stanley dropped their target price on shares of Roblox from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Roblox presently has an average rating of “Hold” and a consensus price target of $130.88.

Insider Activity

In other news, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the transaction, the director directly owned 256,768 shares of the company’s stock, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 2,642 shares of Roblox stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $95.24, for a total transaction of $251,624.08. Following the sale, the chief accounting officer owned 46,452 shares in the company, valued at approximately $4,424,088.48. This trade represents a 5.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 423,899 shares of company stock valued at $37,883,851. 12.92% of the stock is owned by insiders.

Roblox Profile

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.