Roblox Co. (NYSE:RBLX) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS boosted its position in shares of Roblox Co. (NYSE:RBLX) by 7.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 82,189 shares of the company’s stock after acquiring an additional 5,629 shares during the period. DnB Asset Management AS’s holdings in Roblox were worth $4,755,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of 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 acquiring an additional 239 shares during the period. Parkside Financial Bank & Trust grew its holdings in 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 stake 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 buying an additional 195 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after acquiring an additional 271 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

Roblox stock opened at $58.99 on Monday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of -40.68 and a beta of 1.49. The company’s 50 day simple moving average is $63.22 and its 200-day simple moving average is $55.56. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RBLX. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $71.00 price target on shares of Roblox in a research note on Tuesday, March 18th. Needham & Company LLC increased their target price on Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 34,099 shares of Roblox stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the transaction, the chief executive officer now owns 221,983 shares in the company, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of the 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 sale, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock worth $60,212,297 in the last three months. 22.15% of the stock is owned by company insiders.

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.