Roblox Co. (NYSE:RBLX) Stake Increased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 142.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,787 shares of the company's stock after buying an additional 29,823 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Roblox were worth $2,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares during the period. Parkside Financial Bank & Trust raised its holdings in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. boosted its position in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Roblox by 188.4% in the fourth 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 increased its position in shares of Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company's stock valued at $60,000 after buying an additional 1,355 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

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Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Barclays reduced their price target 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. HSBC started coverage on shares of Roblox in a research note on Thursday, December 12th. They set a "buy" rating and a $63.00 price objective for the company. OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Finally, Macquarie raised their price target on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $64.23.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 50,000 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the transaction, the insider now owns 281,161 shares in the company, valued at $18,269,841.78. The trade was a 15.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 926,466 shares of company stock worth $60,212,297. Corporate insiders own 22.15% of the company's stock.

Roblox Trading Down 1.7 %

Shares of NYSE:RBLX traded down $1.00 during trading on Monday, reaching $58.07. 1,896,376 shares of the stock were exchanged, compared to its average volume of 7,776,360. The firm's 50-day moving average price is $63.22 and its 200 day moving average price is $55.56. The firm has a market cap of $35.95 billion, a price-to-earnings ratio of -40.07 and a beta of 1.49. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last released 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 net margin of 25.97% and a negative return on equity of 665.98%. On average, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.