R Squared Ltd Makes New Investment in Roblox Co. (NYSE:RBLX)

R Squared Ltd bought a new position in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,450 shares of the company’s stock, valued at approximately $84,000.

Several other hedge funds and other institutional investors have also modified their holdings of RBLX. V Square Quantitative Management LLC bought a new position in shares of Roblox during the third quarter valued at $27,000. Frazier Financial Advisors LLC lifted its holdings in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc grew its stake 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 buying an additional 239 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after acquiring an additional 770 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 6,460 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $332,237.80. Following the completion of the transaction, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at approximately $6,649,641.85. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now directly 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. Insiders sold 1,207,812 shares of company stock valued at $69,509,773 in the last ninety days. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Up 1.9 %

RBLX opened at $71.39 on Friday. The firm’s fifty day simple moving average is $59.90 and its 200 day simple moving average is $49.36. The stock has a market capitalization of $43.37 billion, a P/E ratio of -43.53 and a beta of 1.43. 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 Co. has a 12 month low of $29.55 and a 12 month high of $71.77.

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

Wall Street Analyst Weigh In

A number of research firms have commented on RBLX. Needham & Company LLC boosted their price objective on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays increased their price objective on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Benchmark boosted their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley boosted their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Seven equities research 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 company’s stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $59.14.

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.