O Shaughnessy Asset Management LLC Takes $716,000 Position in Roblox Co. (NYSE:RBLX)

O Shaughnessy Asset Management LLC purchased a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,378 shares of the company's stock, valued at approximately $716,000.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Roblox by 21.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company's stock worth $1,533,000 after purchasing an additional 6,077 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Roblox during the third quarter worth $818,000. Janus Henderson Group PLC lifted its stake in shares of Roblox by 3.9% in the 3rd quarter. Janus Henderson Group PLC now owns 48,908 shares of the company's stock valued at $2,164,000 after acquiring an additional 1,827 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Roblox by 85.8% during the 3rd quarter. Quantinno Capital Management LP now owns 34,316 shares of the company's stock valued at $1,519,000 after acquiring an additional 15,846 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Roblox by 10,307.2% during the 3rd quarter. Wellington Management Group LLP now owns 598,102 shares of the company's stock worth $26,472,000 after acquiring an additional 592,355 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Transactions at Roblox

In related news, insider Arvind Chakravarthy sold 982 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the transaction, the insider now directly owns 204,261 shares in the company, valued at approximately $12,513,028.86. The trade was a 0.48 % 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 this link. Also, Director Anthony P. Lee sold 250,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 6,254,137 shares of the company's stock, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,232,833 shares of company stock valued at $76,827,466 over the last ninety days. 22.15% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

Several equities analysts have commented on RBLX shares. Needham & Company LLC increased their target price on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Benchmark reiterated a "buy" rating and set a $71.00 target price on shares of Roblox in a research report on Tuesday, March 18th. Wedbush restated an "outperform" rating and issued a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Oppenheimer upgraded shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on Roblox from $76.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.22.

Roblox Stock Up 0.2 %

Shares of RBLX traded up $0.14 during trading hours on Monday, reaching $57.40. The stock had a trading volume of 399,440 shares, compared to its average volume of 7,855,321. The company has a market capitalization of $36.08 billion, a price-to-earnings ratio of -39.31 and a beta of 1.49. The firm has a 50-day simple moving average of $60.20 and a 200 day simple moving average of $56.34. The company has a current ratio of 1.02, a quick ratio of 0.98 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.

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

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.