103,465 Shares in Roblox Co. (NYSE:RBLX) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 103,465 shares of the company's stock, valued at approximately $5,986,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after buying an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after acquiring an additional 271 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roblox

In related news, insider Arvind Chakravarthy sold 982 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the transaction, the insider now directly owns 204,261 shares of the company's stock, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 229,167 shares of Roblox stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the sale, the chief executive officer now owns 221,983 shares in the company, valued at approximately $11,649,667.84. The trade was a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 902,954 shares of company stock valued at $55,354,971. Company insiders own 22.15% of the company's stock.

Roblox Stock Performance

RBLX opened at $66.65 on Monday. The firm has a fifty day moving average price of $59.06 and a 200 day moving average price of $57.65. 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 $41.89 billion, a P/E ratio of -45.97 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. Equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RBLX. Wells Fargo & Company cut their price target on shares of Roblox from $76.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group boosted their target price on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Roth Mkm increased their price target on Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. FBN Securities started coverage on Roblox in a research note on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target on the stock. Finally, Oppenheimer raised shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.50.

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.

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