10,279 Shares in Roblox Co. (NYSE:RBLX) Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,279 shares of the company's stock, valued at approximately $595,000.

Other hedge funds have also recently bought and sold shares of the company. Frazier Financial Advisors LLC increased its stake in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc grew its holdings in 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 buying an additional 239 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares during the last quarter. Huntington National Bank grew its holdings in Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company's stock valued at $46,000 after buying an additional 770 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in Roblox by 33,875.0% during the 3rd 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 during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBLX has been the topic of a number of analyst reports. Wedbush reiterated an "outperform" rating and set a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Roth Mkm increased their target price on Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Piper Sandler restated an "overweight" rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Benchmark raised their price objective on Roblox from $60.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Morgan Stanley raised their price objective on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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Insider Buying and Selling

In other news, CEO David Baszucki sold 138,555 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the transaction, the chief executive officer now directly owns 129,301 shares of the company's stock, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total value of $3,007,000.00. Following the transaction, the chief financial officer now directly owns 395,465 shares of the company's stock, valued at $23,783,265.10. This trade represents a 11.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 961,255 shares of company stock worth $62,394,678. Corporate insiders own 22.15% of the company's stock.

Roblox Stock Down 2.3 %

Shares of NYSE RBLX traded down $1.33 during midday trading on Friday, reaching $57.24. 11,385,225 shares of the company's stock were exchanged, compared to its average volume of 7,565,890. The stock has a market capitalization of $35.43 billion, a PE ratio of -39.48 and a beta of 1.49. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The business's fifty day moving average price is $64.23 and its two-hundred day moving average price is $54.07. 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 posted 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%. Analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

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.