Federated Hermes Inc. Buys 268,823 Shares of Roblox Co. (NYSE:RBLX)

Federated Hermes Inc. boosted its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,073,777 shares of the company's stock after purchasing an additional 268,823 shares during the quarter. Federated Hermes Inc. owned about 0.18% of Roblox worth $62,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its stake in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in 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 purchasing an additional 230 shares during the period. Rakuten Securities Inc. increased its holdings 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 period. EverSource Wealth Advisors LLC raised its position 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 buying an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

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Roblox Trading Up 2.1 %

Roblox stock traded up $1.16 during mid-day trading on Friday, hitting $57.28. The stock had a trading volume of 5,987,783 shares, compared to its average volume of 7,867,395. The stock has a 50-day simple moving average of $60.20 and a two-hundred day simple moving average of $56.26. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $36.00 billion, a PE ratio of -39.50 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

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 the consensus estimate 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 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on RBLX. Oppenheimer raised Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a report on Thursday. FBN Securities started coverage on Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price for the company. OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Roth Mkm lifted their target price on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Finally, CICC Research initiated coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and an average target price of $64.22.

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the transaction, the director now owns 6,254,137 shares of the company's stock, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,232,833 shares of company stock worth $76,827,466. Insiders own 22.15% of the company's stock.

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.