Roblox Co. (NYSE:RBLX) Shares Acquired by Smith Group Asset Management LLC

Smith Group Asset Management LLC grew its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 939.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,030 shares of the company's stock after purchasing an additional 62,390 shares during the period. Smith Group Asset Management LLC's holdings in Roblox were worth $3,994,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Simon Quick Advisors LLC boosted 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 valued at $284,000 after purchasing an additional 217 shares during the last quarter. Versant Capital Management Inc boosted its stake 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 buying an additional 239 shares during the last quarter. Impact Partnership Wealth LLC grew its position in shares of Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock worth $298,000 after buying an additional 245 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after buying an additional 271 shares during the last quarter. Finally, Metis Global Partners LLC raised its holdings in Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company's stock valued at $266,000 after acquiring an additional 288 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RBLX has been the subject of several recent analyst reports. HSBC initiated coverage on shares of Roblox in a report on Thursday, December 12th. They set a "buy" rating and a $63.00 price objective for the company. Macquarie lifted their price target on Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. CICC Research started coverage on Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating on the stock. Needham & Company LLC lifted their target price on Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Piper Sandler reiterated an "overweight" rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a report on Tuesday. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.14.

Roblox Stock Performance

RBLX stock traded down $0.23 on Friday, reaching $71.15. The company's stock had a trading volume of 10,720,821 shares, compared to its average volume of 5,596,528. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $71.89. The company has a market capitalization of $43.23 billion, a P/E ratio of -43.39 and a beta of 1.43. The firm has a fifty day moving average of $60.34 and a two-hundred day moving average of $49.63. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

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

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 3,601 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the sale, the chief accounting officer now directly owns 81,407 shares in the company, valued at $4,014,993.24. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total value of $1,581,360.00. Following the transaction, the insider now owns 281,161 shares in the company, valued at approximately $18,525,698.29. This trade represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,207,812 shares of company stock worth $69,509,773 in the last 90 days. Corporate insiders own 22.15% of the company's stock.

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.