Sciencast Management LP Acquires New Shares in Roblox Co. (NYSE:RBLX)

Sciencast Management LP bought a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 36,985 shares of the company's stock, valued at approximately $2,140,000.

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

Roblox Price Performance

RBLX traded up $0.83 during trading on Tuesday, hitting $62.01. The company's stock had a trading volume of 4,740,591 shares, compared to its average volume of 7,606,997. The firm has a market capitalization of $38.38 billion, a price-to-earnings ratio of -42.77 and a beta of 1.49. The business's fifty day simple moving average is $63.53 and its 200 day simple moving average is $55.24. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

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

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now directly owns 75,528 shares of the company's stock, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares of the company's stock, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 926,466 shares of company stock worth $60,212,297. 22.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on RBLX. Piper Sandler reissued an "overweight" rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Citigroup raised their target price on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Macquarie increased their price objective on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Roth Mkm raised their price objective on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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.