Janney Montgomery Scott LLC Acquires 8,939 Shares of Roblox Co. (NYSE:RBLX)

Janney Montgomery Scott LLC lifted its holdings in shares of Roblox Co. (NYSE:RBLX) by 94.4% in the third quarter, Holdings Channel.com reports. The fund owned 18,404 shares of the company’s stock after purchasing an additional 8,939 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Roblox were worth $815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after purchasing an additional 4,818,022 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Greenvale Capital LLP bought a new position in Roblox during the 2nd quarter valued at about $89,304,000. Marshall Wace LLP bought a new position in Roblox during the 2nd quarter valued at about $87,543,000. Finally, ARK Investment Management LLC lifted its holdings in Roblox by 12.9% during the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock valued at $496,338,000 after purchasing an additional 1,519,591 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Roblox Stock Down 3.8 %

Shares of NYSE RBLX opened at $50.73 on Monday. The stock has a market cap of $30.82 billion, a P/E ratio of -30.93 and a beta of 1.56. The firm has a 50 day moving average price of $45.43 and a 200 day moving average price of $40.56. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10.

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

Insider Activity at Roblox

In other news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at $4,019,545.95. This represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Manuel Bronstein sold 37,846 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.03, for a total transaction of $1,969,127.38. Following the sale, the insider now directly owns 674,259 shares of the company’s stock, valued at $35,081,695.77. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 970,373 shares of company stock worth $44,143,589. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RBLX shares. Needham & Company LLC lifted their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. BTIG Research boosted their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie boosted their target price on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Seven 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, Roblox has an average rating of “Moderate Buy” and a consensus target price of $55.30.

About Roblox

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.