AXQ Capital LP Makes New $1.67 Million Investment in Roblox Co. (NYSE:RBLX)

AXQ Capital LP purchased a new position in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 28,894 shares of the company's stock, valued at approximately $1,672,000. Roblox comprises approximately 0.8% of AXQ Capital LP's investment portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Versant Capital Management Inc increased its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after buying an additional 239 shares during the last quarter. Parkside Financial Bank & Trust grew its position 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 acquiring an additional 230 shares during the period. Rakuten Securities Inc. increased its stake in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company's stock worth $60,000 after purchasing an additional 1,355 shares during the period. Institutional investors own 94.46% of the company's stock.

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Insider Buying and Selling

In other news, CEO David Baszucki sold 34,099 shares of Roblox stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 owns 75,528 shares of the company's stock, valued at $4,909,320. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 926,466 shares of company stock worth $60,212,297. 22.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RBLX shares. Roth Mkm raised their price objective on Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. CICC Research started coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating for the company. Wells Fargo & Company increased their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their target price on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Wedbush reaffirmed an "outperform" rating and set a $83.00 target price on shares of Roblox in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.19.

Roblox Stock Performance

NYSE:RBLX traded down $1.64 during mid-day trading on Wednesday, reaching $60.38. The company's stock had a trading volume of 3,650,396 shares, compared to its average volume of 7,597,971. The stock has a market cap of $37.37 billion, a P/E ratio of -41.64 and a beta of 1.49. The firm's fifty day moving average price is $63.47 and its two-hundred day moving average price is $55.27. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. 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 (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts' consensus estimates 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 analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

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.