Ontario Teachers Pension Plan Board Purchases 9,351 Shares of Roblox Co. (NYSE:RBLX)

Ontario Teachers Pension Plan Board increased its position in Roblox Co. (NYSE:RBLX - Free Report) by 75.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,697 shares of the company's stock after buying an additional 9,351 shares during the period. Ontario Teachers Pension Plan Board's holdings in Roblox were worth $1,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings 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 purchasing an additional 239 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the last quarter. Rakuten Securities Inc. boosted its stake 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 acquiring an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after acquiring an additional 271 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wedbush reiterated an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Morgan Stanley dropped their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating on the stock. Finally, Wells Fargo & Company lowered their price objective on Roblox from $76.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $11,649,667.84. This trade represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the sale, the insider now directly owns 364,244 shares in the company, valued at $21,122,509.56. This trade represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 926,954 shares of company stock worth $56,936,331. Corporate insiders own 22.15% of the company's stock.

Roblox Stock Up 1.1 %

NYSE RBLX traded up $0.67 during trading hours on Friday, reaching $59.76. 5,118,708 shares of the company's stock were exchanged, compared to its average volume of 7,882,465. 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 Co. has a one year low of $29.55 and a one year high of $75.74. The company's 50-day moving average is $59.28 and its two-hundred day moving average is $56.68. The company has a market capitalization of $37.56 billion, a price-to-earnings ratio of -41.22 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, analysts forecast that Roblox Co. will post -1.49 EPS 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.