Schonfeld Strategic Advisors LLC Increases Stock Holdings in Roblox Co. (NYSE:RBLX)

Schonfeld Strategic Advisors LLC increased its stake in shares of Roblox Co. (NYSE:RBLX) by 110.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 255,400 shares of the company’s stock after acquiring an additional 134,200 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Roblox were worth $14,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RBLX. Virtu Financial LLC purchased a new position in shares of Roblox in the 3rd quarter worth approximately $2,341,000. World Investment Advisors LLC purchased a new position in shares of Roblox in the 3rd quarter worth about $204,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Roblox in the 3rd quarter worth about $533,000. Principal Financial Group Inc. grew its position in Roblox by 308.2% during the third quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock valued at $8,047,000 after buying an additional 137,267 shares during the period. Finally, Versant Capital Management Inc increased its holdings 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. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other Roblox news, insider Mark Reinstra sold 19,525 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the transaction, the insider now directly owns 339,206 shares in the company, valued at $22,367,243.64. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 902,954 shares of company stock worth $55,354,971. 22.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RBLX. Roth Mkm lifted their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Moffett Nathanson lowered Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. FBN Securities began coverage on Roblox in a research note on Friday, March 28th. They set a “sector perform” rating and a $65.00 price target for the company. Piper Sandler restated an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group upped their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.50.

Roblox Stock Down 0.0 %

RBLX stock opened at $66.40 on Wednesday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The stock has a market cap of $41.73 billion, a price-to-earnings ratio of -45.79 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company’s 50 day moving average is $59.18 and its 200 day moving average is $57.89.

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

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.