GSA Capital Partners LLP Boosts Holdings in Roblox Corporation (NYSE:RBLX)

GSA Capital Partners LLP raised its holdings in Roblox Corporation (NYSE:RBLX) by 230.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,320 shares of the company’s stock after purchasing an additional 9,289 shares during the quarter. GSA Capital Partners LLP’s holdings in Roblox were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox in the 1st quarter valued at approximately $39,000. Colonial Trust Co SC purchased a new stake in Roblox in the 4th quarter valued at approximately $41,000. Finally, TD Private Client Wealth LLC purchased a new stake in Roblox in the 1st quarter valued at approximately $58,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of several research analyst reports. Benchmark boosted their price target on Roblox from $77.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Roblox from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Wedbush boosted their price target on Roblox from $142.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday. Bank of America boosted their price target on Roblox from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, June 5th. Finally, BMO Capital Markets boosted their price target on Roblox from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.59.

Roblox Trading Down 9.2%

RBLX stock opened at $125.16 on Friday. The company has a market cap of $84.89 billion, a price-to-earnings ratio of -87.52 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The business has a fifty day simple moving average of $105.05 and a 200-day simple moving average of $78.56. Roblox Corporation has a 52 week low of $35.30 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 417.87% and a negative net margin of 23.67%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted ($0.32) earnings per share. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. On average, equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $118.51, for a total transaction of $711,060.00. Following the sale, the insider directly owned 307,223 shares in the company, valued at approximately $36,408,997.73. This trade represents a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 139,507 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $105.19, for a total value of $14,674,741.33. Following the sale, the chief executive officer owned 211,559 shares in the company, valued at approximately $22,253,891.21. The trade was a 39.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,651,690 shares of company stock valued at $593,440,562 over the last quarter. Company insiders own 12.92% of the company’s stock.

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.