Quantinno Capital Management LP Purchases 15,846 Shares of Roblox Co. (NYSE:RBLX)

Quantinno Capital Management LP increased its position in shares of Roblox Co. (NYSE:RBLX) by 85.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,316 shares of the company’s stock after buying an additional 15,846 shares during the period. Quantinno Capital Management LP’s holdings in Roblox were worth $1,519,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Roblox in the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC raised its position in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. PARK CIRCLE Co bought a new position in shares of Roblox in the 2nd quarter worth $30,000. Strategic Financial Concepts LLC acquired a new stake in Roblox in the 2nd quarter valued at $33,000. Finally, Gilliland Jeter Wealth Management LLC increased its stake in Roblox by 102.4% during the 2nd 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 in the last quarter. Institutional investors own 91.08% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the sale, the chief financial officer now directly owns 352,844 shares in the company, valued at approximately $14,643,026. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 17,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $45.58, for a total value of $774,860.00. Following the completion of the transaction, the insider now owns 327,009 shares of the company’s stock, valued at approximately $14,905,070.22. This represents a 4.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,412,379 shares of company stock worth $71,728,919 over the last quarter. 22.15% of the stock is currently owned by company insiders.

Roblox Trading Up 6.5 %

NYSE:RBLX opened at $59.91 on Thursday. The firm’s 50 day moving average is $48.18 and its 200 day moving average is $42.85. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $61.01. The stock has a market capitalization of $36.40 billion, a PE ratio of -36.53 and a beta of 1.50. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BTIG Research lifted their price objective on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Canaccord Genuity Group increased their price target on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised their price objective on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. 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’s stock. According to MarketBeat.com, Roblox presently has a consensus 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.