Versant Capital Management Inc Acquires 239 Shares of Roblox Co. (NYSE:RBLX)

Versant Capital Management Inc raised its holdings in shares of Roblox Co. (NYSE:RBLX) by 83.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 524 shares of the company’s stock after acquiring an additional 239 shares during the quarter. Versant Capital Management Inc’s holdings in Roblox were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Roblox in the third quarter worth $27,000. Frazier Financial Advisors LLC increased 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 worth $28,000 after acquiring an additional 624 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares in the last quarter. Huntington National Bank grew its holdings in shares of 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 in the last quarter. Finally, Redwood Wealth Management Group LLC bought a new position in shares of Roblox in the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RBLX. Canaccord Genuity Group lifted their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BTIG Research upped their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group lifted their price target on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the transaction, the chief accounting officer now owns 91,062 shares of the company’s stock, valued at $4,817,179.80. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 166,668 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the sale, the chief executive officer now directly owns 135,755 shares in the company, valued at $5,722,073.25. This trade represents a 55.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,254,601 shares of company stock worth $65,622,735 in the last three months. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Performance

Shares of RBLX opened at $61.28 on Wednesday. The company has a 50-day simple moving average of $55.15 and a two-hundred day simple moving average of $46.22. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $37.23 billion, a PE ratio of -37.37 and a beta of 1.43. Roblox Co. has a one year low of $29.55 and a one year high of $62.48.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million for 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 revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.45) earnings per share. On average, analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Roblox 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.