Atomi Financial Group Inc. Has $7.96 Million Holdings in Roblox Co. (NYSE:RBLX)

Atomi Financial Group Inc. grew its holdings in Roblox Co. (NYSE:RBLXFree Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,642 shares of the company’s stock after purchasing an additional 984 shares during the period. Atomi Financial Group Inc.’s holdings in Roblox were worth $7,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after acquiring an additional 245 shares in the last quarter. GAMMA Investing LLC lifted its position in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares during the period. Metis Global Partners LLC boosted its position in shares of Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock worth $266,000 after acquiring an additional 288 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Roblox by 5.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after purchasing an additional 321 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 166,668 shares of Roblox stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the transaction, the chief executive officer now directly owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 55.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 1,504,601 shares of company stock worth $81,882,735. 22.15% of the stock is currently owned by company insiders.

Roblox Stock Performance

NYSE:RBLX opened at $65.57 on Tuesday. The company has a market cap of $39.84 billion, a price-to-earnings ratio of -39.98 and a beta of 1.43. The stock’s 50 day simple moving average is $57.34 and its two-hundred day simple moving average is $47.90. 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 1 year low of $29.55 and a 1 year high of $66.51.

Roblox (NYSE:RBLXGet Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned ($0.45) EPS. The business’s revenue was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on RBLX shares. Raymond James reissued a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. Barclays lifted their price objective on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their target price on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Wedbush reiterated an “outperform” rating and set a $49.00 price target on shares of Roblox in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.48.

Read Our Latest Analysis on Roblox

Roblox Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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