Roblox Co. (NYSE:RBLX) Stock Position Lifted by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its position in shares of Roblox Co. (NYSE:RBLX) by 320.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,587 shares of the company’s stock after buying an additional 1,971 shares during the period. V Square Quantitative Management LLC’s holdings in Roblox were worth $149,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC boosted its position in shares of Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after buying an additional 62,390 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of Roblox in the fourth quarter worth $363,000. Entropy Technologies LP boosted its position in shares of Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after buying an additional 62,521 shares during the period. Finally, Silicon Valley Capital Partners boosted its position in shares of Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after buying an additional 66,882 shares during the period. Institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

RBLX stock opened at $66.62 on Tuesday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a fifty day simple moving average of $63.64 and a two-hundred day simple moving average of $51.82. The firm has a market capitalization of $40.48 billion, a P/E ratio of -45.95 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. Analysts anticipate that Roblox Co. will post -1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RBLX shares. Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. CICC Research started coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. Raymond James reissued a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their price objective on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction that occurred on Friday, November 22nd. The shares were 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 trade represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Guthrie sold 26,154 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the transaction, the chief financial officer now directly owns 417,079 shares of the company’s stock, valued at $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,120,348 shares of company stock valued at $68,517,456 in the last 90 days. Company insiders own 22.15% of the company’s stock.

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.