Polar Asset Management Partners Inc. Purchases 14,600 Shares of Roblox Co. (NYSE:RBLX)

Polar Asset Management Partners Inc. boosted its position in shares of Roblox Co. (NYSE:RBLX) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,000 shares of the company’s stock after acquiring an additional 14,600 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Roblox were worth $4,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RBLX. Colonial Trust Co SC bought a new stake in Roblox during the fourth quarter worth $41,000. Parkside Financial Bank & Trust raised its position in shares of 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 purchasing an additional 230 shares during the period. Rakuten Securities Inc. raised its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 633 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of Roblox by 2,955.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after purchasing an additional 1,182 shares during the period. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the sale, the chief accounting officer now owns 75,583 shares of the company’s stock, valued at $4,636,261.22. This represents a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony P. Lee sold 12,800 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $73.46, for a total transaction of $940,288.00. Following the sale, the director now directly owns 296,584 shares of the company’s stock, valued at $21,787,060.64. The trade was a 4.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,344,632 shares of company stock worth $160,151,753 in the last quarter. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $80.70 on Friday. The stock has a market cap of $50.84 billion, a P/E ratio of -55.65 and a beta of 1.46. The firm’s fifty day simple moving average is $62.20 and its 200 day simple moving average is $60.41. Roblox Co. has a twelve month low of $31.59 and a twelve month high of $81.25. 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 (NYSE:RBLX) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. The company’s quarterly revenue was up 30.6% on a year-over-year basis. As a group, research analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RBLX shares. Canaccord Genuity Group increased their price objective on shares of Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Benchmark increased their price objective on shares of Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Macquarie increased their price objective on shares of Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Barclays increased their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Finally, Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average price target of $68.68.

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.