17,360 Roblox Corporation $RBLX Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. raised its stake in Roblox Corporation (NYSE:RBLX) by 56.4% during the third quarter, HoldingsChannel reports. The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RBLX. Assenagon Asset Management S.A. boosted its stake in Roblox by 216.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,992,101 shares of the company’s stock worth $253,885,000 after purchasing an additional 4,098,311 shares in the last quarter. Amundi grew its position in Roblox by 83.7% during the 1st quarter. Amundi now owns 5,774,151 shares of the company’s stock valued at $326,586,000 after purchasing an additional 2,631,074 shares during the last quarter. Spyglass Capital Management LLC bought a new stake in Roblox during the 1st quarter valued at about $44,116,000. Allspring Global Investments Holdings LLC raised its holdings in Roblox by 379.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 921,424 shares of the company’s stock worth $53,102,000 after buying an additional 729,379 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Roblox by 192.7% in the first quarter. Sei Investments Co. now owns 1,080,310 shares of the company’s stock worth $61,102,000 after buying an additional 711,259 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RBLX. Piper Sandler reiterated a “neutral” rating and set a $47.00 price target (down from $50.00) on shares of Roblox in a report on Friday, July 31st. Moffett Nathanson restated a “neutral” rating and issued a $40.00 price objective (down from $88.00) on shares of Roblox in a report on Monday, August 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Roblox in a research report on Friday, October 30th. Raymond James Financial reissued a “buy” rating on shares of Roblox in a report on Friday, September 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Roblox in a research note on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $53.04.

Roblox Stock Performance

Shares of RBLX stock opened at $51.45 on Friday. The company has a 50 day moving average price of $48.10 and a 200-day moving average price of $51.31. Roblox Corporation has a 52 week low of $33.88 and a 52 week 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 company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 7.82.

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

Insider Buying and Selling at Roblox

In other news, CFO Naveen Chopra sold 17,509 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total transaction of $664,641.64. Following the transaction, the chief financial officer directly owned 363,249 shares of the company’s stock, valued at $13,788,932.04. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $42.87, for a total value of $714,471.42. Following the completion of the transaction, the director owned 1,252,836 shares in the company, valued at approximately $53,709,079.32. This trade represents a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 174,795 shares of company stock worth $6,921,031. 10.05% of the stock is owned by corporate insiders.

About Roblox

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.