Sigma Planning Corp Purchases 420 Shares of Roblox Co. (NYSE:RBLX)

Sigma Planning Corp grew its position in Roblox Co. (NYSE:RBLX) by 6.6% in the third quarter, HoldingsChannel.com reports. The fund owned 6,822 shares of the company’s stock after buying an additional 420 shares during the period. Sigma Planning Corp’s holdings in Roblox were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Roblox during the third quarter worth about $27,000. PARK CIRCLE Co bought a new position in shares of Roblox during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC increased its holdings in shares of Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares during the last quarter. Gilliland Jeter Wealth Management LLC raised its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Roblox by 98.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In other Roblox news, insider Manuel Bronstein sold 37,846 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.03, for a total value of $1,969,127.38. Following the completion of the transaction, the insider now directly owns 674,259 shares in the company, valued at approximately $35,081,695.77. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the sale, the chief accounting officer now owns 91,062 shares in the company, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 987,373 shares of company stock valued at $44,831,579. 22.15% of the stock is currently owned by insiders.

Roblox Stock Down 3.8 %

Shares of RBLX opened at $50.73 on Friday. The firm has a 50 day simple moving average of $45.43 and a two-hundred day simple moving average of $40.53. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The company has a market cap of $30.82 billion, a P/E ratio of -30.93 and a beta of 1.56.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.45) EPS. Research analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of several research analyst reports. Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $65.00 in a research report on Monday, November 4th. BTIG Research increased their price target on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Macquarie boosted their price objective on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Raymond James increased their target price on Roblox from $51.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 31st. Finally, Citigroup lifted their price target on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.30.

Roblox 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.