Quantbot Technologies LP Buys 92,577 Shares of Roblox Co. (NYSE:RBLX)

Quantbot Technologies LP lifted its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 121.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,544 shares of the company's stock after purchasing an additional 92,577 shares during the period. Quantbot Technologies LP's holdings in Roblox were worth $9,752,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RBLX. Wealthfront Advisers LLC grew its stake in shares of Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. ValueAct Holdings L.P. grew its stake in shares of Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. FMR LLC grew its stake in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in shares of Roblox in the 3rd quarter worth approximately $107,491,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 982 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the business's stock in a transaction on Thursday, January 16th. The stock was 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 $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 916,367 shares of company stock worth $59,700,949. 22.15% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

RBLX has been the topic of several analyst reports. Benchmark reissued a "buy" rating and issued a $71.00 target price on shares of Roblox in a research report on Tuesday. Wells Fargo & Company lifted their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Roth Mkm lifted their target price on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Barclays dropped their target price on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Finally, Needham & Company LLC lifted 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 investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

Roblox Stock Down 1.6 %

NYSE RBLX traded down $0.94 during trading on Tuesday, reaching $56.04. The company's stock had a trading volume of 4,832,680 shares, compared to its average volume of 7,625,731. 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 stock has a market capitalization of $34.69 billion, a PE ratio of -38.64 and a beta of 1.49. The business has a 50-day moving average price of $63.81 and a 200-day moving average price of $54.57. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results 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%. On average, research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.