Roblox Co. (NYSE:RBLX) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its position in Roblox Co. (NYSE:RBLX) by 45.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,044 shares of the company’s stock after selling 60,713 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Roblox were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Roblox during the third quarter valued at $27,000. Frazier Financial Advisors LLC increased its position in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the period. PARK CIRCLE Co bought a new stake in Roblox during the 2nd quarter valued at $30,000. GAMMA Investing LLC grew its stake in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its holdings in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RBLX shares. Barclays raised their price objective on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Citigroup boosted their target price on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $65.00 in a research report on Monday, November 4th. BTIG Research increased their price objective on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Piper Sandler increased their price target on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $51.51 on Thursday. The business has a 50 day moving average price of $45.85 and a 200 day moving average price of $40.82. 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 twelve month low of $29.55 and a twelve month high of $55.10.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate 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 return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.45) EPS. As a group, equities analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the sale, the chief accounting officer now owns 91,062 shares in the company, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Arvind Chakravarthy sold 14,176 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $43.94, for a total transaction of $622,893.44. Following the completion of the transaction, the insider now owns 276,892 shares in the company, valued at approximately $12,166,634.48. This trade represents a 4.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 974,620 shares of company stock worth $46,189,557 over the last quarter. Company insiders own 22.15% of the company’s stock.

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.