Quadrature Capital Ltd Has $7.17 Million Position in Roblox Co. (NYSE:RBLX)

Quadrature Capital Ltd raised its stake in Roblox Co. (NYSE:RBLX - Free Report) by 289.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,934 shares of the company's stock after acquiring an additional 120,301 shares during the period. Quadrature Capital Ltd's holdings in Roblox were worth $7,167,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Roblox in the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC raised its holdings in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after buying an additional 624 shares during the last quarter. PARK CIRCLE Co acquired a new position in shares of Roblox during the second quarter worth approximately $30,000. Strategic Financial Concepts LLC bought a new position in Roblox in the 2nd quarter worth approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC increased its position in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock valued at $37,000 after acquiring an additional 506 shares during the period. 91.08% of the stock is owned by institutional investors.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $51.19, for a total transaction of $1,279,750.00. Following the transaction, the director now owns 5,706,695 shares of the company's stock, valued at approximately $292,125,717.05. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 166,668 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the completion of the sale, the chief executive officer now directly owns 135,755 shares of the company's stock, valued at $5,722,073.25. This represents a 55.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,038,607 shares of company stock valued at $49,713,872. 22.15% of the stock is owned by insiders.

Roblox Stock Up 0.6 %

NYSE RBLX traded up $0.35 during trading on Friday, reaching $59.29. 8,960,368 shares of the company's stock were exchanged, compared to its average volume of 7,659,335. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $59.80. The company's fifty day simple moving average is $47.03 and its 200-day simple moving average is $42.08. The firm has a market capitalization of $36.02 billion, a PE ratio of -35.95 and a beta of 1.50.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted ($0.45) earnings per share. Sell-side analysts predict that Roblox Co. will post -1.56 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Wells Fargo & Company increased their target price on shares of Roblox from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Canaccord Genuity Group boosted their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Raymond James reiterated a "strong-buy" rating and issued a $60.00 price objective on shares of Roblox in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.30.

Roblox 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.