Roblox Co. (NYSE:RBLX) Stock Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 101.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 704,491 shares of the company's stock after purchasing an additional 355,270 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Roblox worth $40,762,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its position in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after acquiring an additional 217 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the period. Versant Capital Management Inc grew its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after purchasing an additional 245 shares during the period. 94.46% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 50,000 shares of the business'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 transaction of $3,007,000.00. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at $23,783,265.10. This represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 916,367 shares of company stock valued at $59,700,949. Corporate insiders own 22.15% of the company's stock.

Roblox Price Performance

NYSE:RBLX traded down $1.11 during mid-day trading on Thursday, reaching $55.75. 13,422,639 shares of the stock were exchanged, compared to its average volume of 7,629,368. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The business has a fifty day moving average price of $63.99 and a 200 day moving average price of $54.24. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The firm has a market capitalization of $34.51 billion, a PE ratio of -38.45 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Research analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RBLX. Raymond James reissued a "strong-buy" rating and issued a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Piper Sandler reiterated an "overweight" rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Macquarie upped their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Wedbush reiterated an "outperform" rating and issued a $83.00 price objective on shares of Roblox in a research report on Friday, February 7th. Finally, Needham & Company LLC upped their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $64.19.

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.