Cigna Investments Inc. New Acquires Shares of 5,263 Roblox Co. (NYSE:RBLX)

Cigna Investments Inc. New acquired a new stake in Roblox Co. (NYSE:RBLX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,263 shares of the company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RBLX. Allspring Global Investments Holdings LLC increased its holdings in Roblox by 98.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock valued at $42,000 after buying an additional 548 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Roblox during the first quarter worth about $230,000. Maryland State Retirement & Pension System increased its stake in shares of Roblox by 4.2% during the first quarter. Maryland State Retirement & Pension System now owns 36,877 shares of the company’s stock worth $1,343,000 after purchasing an additional 1,492 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Roblox by 4.4% during the first quarter. Private Advisor Group LLC now owns 60,111 shares of the company’s stock worth $2,295,000 after purchasing an additional 2,506 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Roblox by 4.8% during the first quarter. Nordea Investment Management AB now owns 28,492 shares of the company’s stock worth $1,104,000 after purchasing an additional 1,298 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analyst Ratings Changes

RBLX has been the subject of a number of research reports. Raymond James boosted their target price on shares of Roblox from $51.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday. The Goldman Sachs Group boosted their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group began coverage on shares of Roblox in a research note on Thursday, July 11th. They set a “hold” rating and a $42.00 price objective for the company. BTIG Research upped their price objective on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday. Finally, Roth Mkm upped their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $52.55.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 4,933 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at $14,543,253.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the sale, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 979,341 shares of company stock worth $43,897,012. 22.15% of the stock is currently owned by insiders.

Roblox Stock Performance

NYSE:RBLX opened at $51.44 on Friday. The company’s 50-day moving average is $43.67 and its two-hundred day moving average is $39.34. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $52.65. The firm has a market capitalization of $30.79 billion, a price-to-earnings ratio of -29.91 and a beta of 1.60.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.01. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted ($0.45) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts forecast that Roblox Co. will post -1.58 EPS for the current year.

Roblox Company 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.