Polar Asset Management Partners Inc. Has $2.98 Million Holdings in Roblox Co. (NYSE:RBLX)

Polar Asset Management Partners Inc. lowered its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 75.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,400 shares of the company's stock after selling 211,700 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Roblox were worth $2,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in Roblox during the third quarter worth approximately $27,000. Frazier Financial Advisors LLC lifted its stake in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after buying an additional 624 shares during the last quarter. PARK CIRCLE Co bought a new stake in shares of Roblox during the 2nd quarter worth $30,000. GAMMA Investing LLC raised its holdings in Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after acquiring an additional 530 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its position in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock worth $37,000 after acquiring an additional 506 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company's stock.

Roblox Price Performance

Shares of NYSE RBLX traded up $4.42 during midday trading on Thursday, reaching $58.96. 21,002,349 shares of the company traded hands, compared to its average volume of 7,653,760. The stock's 50-day simple moving average is $46.75 and its 200-day simple moving average is $41.96. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $59.14. The firm has a market cap of $35.82 billion, a PE ratio of -35.95 and a beta of 1.50.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.45) earnings per share. As a group, equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Guthrie sold 3,443 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.01, for a total value of $154,969.43. Following the completion of the transaction, the chief financial officer now owns 352,844 shares in the company, valued at $15,881,508.44. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,038,607 shares of company stock worth $49,713,872 in the last three months. Insiders own 22.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RBLX shares. JPMorgan Chase & Co. raised their price target on Roblox from $51.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Macquarie lifted their price target on Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Wells Fargo & Company raised their price objective on shares of Roblox from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Finally, Raymond James reiterated a "strong-buy" rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roblox has an average rating of "Moderate Buy" and an average price target of $55.30.

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.