Roblox Co. (NYSE:RBLX) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Roblox Co. (NYSE:RBLX) by 121.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,544 shares of the company’s stock after purchasing an additional 92,577 shares during the quarter. Quantbot Technologies LP’s holdings in Roblox were worth $9,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Roblox by 94.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock valued at $815,000 after purchasing an additional 8,939 shares during the last quarter. Principal Financial Group Inc. grew its stake in Roblox by 308.2% during the third quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after buying an additional 137,267 shares during the period. Sigma Planning Corp lifted its holdings in shares of Roblox by 6.6% during the 3rd quarter. Sigma Planning Corp now owns 6,822 shares of the company’s stock valued at $302,000 after acquiring an additional 420 shares in the last quarter. Versor Investments LP purchased a new position in Roblox in the third quarter valued at about $257,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Roblox in the third quarter worth about $257,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RBLX. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. HSBC assumed coverage on Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price on the stock. Citigroup raised their price objective on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Finally, Needham & Company LLC raised their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Trading Down 2.0 %

Shares of RBLX stock opened at $55.75 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The company has a market capitalization of $34.51 billion, a PE ratio of -38.45 and a beta of 1.49. The firm has a 50 day moving average price of $63.99 and a two-hundred day moving average price of $54.24. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 916,367 shares of company stock worth $59,700,949. 22.15% of the stock is currently owned by company insiders.

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.