GAMMA Investing LLC Has $69,000 Stock Position in Roblox Co. (NYSE:RBLX)

GAMMA Investing LLC increased its stake in Roblox Co. (NYSE:RBLX) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,200 shares of the company’s stock after buying an additional 271 shares during the quarter. GAMMA Investing LLC’s holdings in Roblox were worth $69,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RBLX. V Square Quantitative Management LLC acquired a new stake in shares of Roblox in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC raised its stake in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc lifted its holdings in 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 purchasing an additional 239 shares during the last quarter. Huntington National Bank boosted its position in Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the period. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of Roblox in the second quarter valued at $48,000. 94.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on RBLX. Needham & Company LLC raised their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their price objective on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Raymond James reaffirmed a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $56.14.

Roblox Price Performance

Shares of RBLX stock opened at $61.75 on Monday. The business has a fifty day simple moving average of $55.94 and a 200 day simple moving average of $46.77. The company has a market cap of $37.52 billion, a P/E ratio of -37.65 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $63.58.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The firm 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 business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.45) earnings per share. On average, sell-side analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the sale, the insider now directly owns 278,161 shares of the company’s stock, valued at $16,620,119.75. The trade was a 7.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 333,334 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the transaction, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at $7,409,896.45. The trade was a 72.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,254,601 shares of company stock valued at $65,622,735. 22.15% of the stock is currently owned by insiders.

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.