73,555 Shares in Roblox Co. (NYSE:RBLX) Bought by Clearbridge Investments LLC

Clearbridge Investments LLC acquired a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 73,555 shares of the company's stock, valued at approximately $4,256,000.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. increased 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 period. Simon Quick Advisors LLC increased its position in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 period. Finally, Yousif Capital Management LLC boosted its stake in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after buying an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on RBLX. Wells Fargo & Company increased their price objective on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Roth Mkm raised their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Barclays decreased their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. FBN Securities initiated coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price for the company. Finally, Morgan Stanley boosted their price target on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $64.23.

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Roblox Trading Up 1.7 %

RBLX stock traded up $0.91 during trading on Tuesday, reaching $53.44. 1,644,326 shares of the stock traded hands, compared to its average volume of 8,921,670. The firm has a market capitalization of $33.08 billion, a PE ratio of -36.85 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. The business's 50 day moving average price is $62.13 and its 200-day moving average price is $56.05. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In other Roblox news, CEO David Baszucki sold 34,099 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now owns 221,983 shares in the company, valued at $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 is available through this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $58.79, for a total value of $2,939,500.00. Following the completion of the sale, the chief financial officer now directly owns 516,434 shares of the company's stock, valued at $30,361,154.86. The trade was a 8.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,003,666 shares of company stock valued at $64,800,781. Company insiders own 22.15% of the company's stock.

Roblox 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.