Teacher Retirement System of Texas Takes Position in Roblox Co. (NYSE:RBLX)

Teacher Retirement System of Texas acquired a new position in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,482 shares of the company’s stock, valued at approximately $259,000.

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

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % 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, insider Mark Reinstra sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the completion of the sale, the insider now directly owns 281,161 shares of the company’s stock, valued at $18,269,841.78. The trade was a 15.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 926,466 shares of company stock valued at $60,212,297 over the last ninety days. Insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $61.05 on Wednesday. The stock’s 50-day simple moving average is $62.97 and its 200-day simple moving average is $55.76. The firm has a market capitalization of $37.79 billion, a PE ratio of -42.10 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on RBLX. Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Benchmark reiterated a “buy” rating and issued a $71.00 price objective on shares of Roblox in a report on Tuesday, March 18th. CICC Research began coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating for the company. Macquarie lifted their target price on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.23.

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.