Jupiter Asset Management Ltd. Boosts Stake in Roblox Co. (NYSE:RBLX)

Jupiter Asset Management Ltd. raised its position in Roblox Co. (NYSE:RBLX - Free Report) by 66.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,973 shares of the company's stock after purchasing an additional 126,709 shares during the quarter. Jupiter Asset Management Ltd. owned 0.05% of Roblox worth $18,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RBLX. Janney Montgomery Scott LLC lifted its position in shares of Roblox by 94.4% during the third quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company's stock worth $815,000 after purchasing an additional 8,939 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Roblox by 308.2% during the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company's stock worth $8,047,000 after buying an additional 137,267 shares in the last quarter. Sigma Planning Corp boosted its position in Roblox by 6.6% in the 3rd quarter. Sigma Planning Corp now owns 6,822 shares of the company's stock valued at $302,000 after buying an additional 420 shares during the period. Versor Investments LP acquired a new position in shares of Roblox in the third quarter worth $257,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Roblox during the third quarter worth $257,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Trading Up 3.6 %

Shares of NYSE RBLX opened at $56.70 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a market cap of $35.09 billion, a price-to-earnings ratio of -39.10 and a beta of 1.49. The business has a fifty day simple moving average of $64.05 and a 200-day simple moving average of $54.23.

Remove Ads

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

Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 24,000 shares of the company's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the sale, the insider now directly owns 278,161 shares in the company, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Guthrie sold 26,154 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now owns 417,079 shares of the company's stock, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 916,367 shares of company stock valued at $59,700,949 in the last quarter. Company insiders own 22.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. HSBC initiated coverage on Roblox in a research report on Thursday, December 12th. They issued a "buy" rating and a $63.00 price target on the stock. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Moffett Nathanson cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Finally, Macquarie increased their target price on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roblox presently has an average rating of "Moderate Buy" and an average target price of $64.19.

About Roblox

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.