Versor Investments LP lifted its stake in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 237.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,007 shares of the company’s stock after buying an additional 18,301 shares during the quarter. Versor Investments LP’s holdings in Roblox were worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after purchasing an additional 1,020,786 shares during the last quarter. State Street Corp raised its position in Roblox by 11.0% in the third quarter. State Street Corp now owns 13,369,844 shares of the company’s stock worth $1,851,991,000 after acquiring an additional 1,326,575 shares in the last quarter. AQR Capital Management LLC raised its position in Roblox by 7.4% in the third quarter. AQR Capital Management LLC now owns 9,697,538 shares of the company’s stock worth $1,310,719,000 after acquiring an additional 665,127 shares in the last quarter. Franklin Resources Inc. raised its position in Roblox by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,963,693 shares of the company’s stock worth $964,611,000 after acquiring an additional 619,048 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Roblox by 12.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,794,063 shares of the company’s stock worth $469,493,000 after acquiring an additional 645,859 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.
Roblox Stock Down 1.6%
RBLX opened at $41.25 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The firm has a market cap of $27.70 billion, a P/E ratio of -26.11 and a beta of 1.50. Roblox Corporation has a 52 week low of $40.95 and a 52 week high of $150.59. The business’s fifty day simple moving average is $57.16 and its 200 day simple moving average is $76.29.
Insider Transactions at Roblox
In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 10,834 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.63, for a total value of $667,699.42. Following the completion of the sale, the chief executive officer directly owned 800,539 shares in the company, valued at approximately $49,337,218.57. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 196,708 shares of company stock worth $12,145,082 in the last quarter. 12.92% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Oppenheimer assumed coverage on Roblox in a research report on Friday, May 1st. They issued an “outperform” rating for the company. TD Cowen raised Roblox from a “sell” rating to a “hold” rating and lowered their target price for the company from $54.00 to $49.00 in a report on Friday, May 1st. Needham & Company LLC assumed coverage on Roblox in a report on Friday, May 1st. They issued a “buy” rating and a $60.00 target price on the stock. Piper Sandler lowered Roblox from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $100.00 to $50.00 in a report on Monday, May 4th. Finally, Jefferies Financial Group lowered Roblox from a “hold” rating to a “hold” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $87.17.
Read Our Latest Analysis on RBLX
Roblox Company Profile
Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.
Roblox’s business model is built around its virtual economy and creator ecosystem.
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