Teacher Retirement System of Texas Purchases Shares of 4,482 Roblox Co. (NYSE:RBLX)

Teacher Retirement System of Texas acquired a new stake in Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,482 shares of the company's stock, valued at approximately $259,000.

Several other hedge funds have also recently modified their holdings of RBLX. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 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 last quarter. Rakuten Securities Inc. grew its position in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after purchasing an additional 271 shares during the period. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

NYSE:RBLX traded down $3.38 during midday trading on Thursday, hitting $58.23. The company had a trading volume of 6,556,835 shares, compared to its average volume of 7,832,574. The company has a market capitalization of $36.05 billion, a PE ratio of -40.16 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The stock's fifty day moving average price is $62.88 and its 200-day moving average price is $55.80.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup raised their target price on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Piper Sandler reissued an "overweight" rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, January 10th. FBN Securities began coverage on shares of Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target on the stock. Finally, Roth Mkm raised their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average target price of $64.23.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company's stock, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 138,555 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the sale, the chief executive officer now directly owns 129,301 shares of the company's stock, valued at $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 947,666 shares of company stock worth $61,513,341 over the last ninety days. 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.