18,859 Shares in Roblox Co. (NYSE:RBLX) Bought by Haven Private LLC

Haven Private LLC bought a new position in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,859 shares of the company’s stock, valued at approximately $1,091,000.

Other large investors have also made changes to their positions in the company. ValueAct Holdings L.P. raised its position in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. FMR LLC increased its holdings in Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the last quarter. Ieq Capital LLC increased its holdings in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after buying an additional 3,507,901 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in Roblox in the third quarter valued at about $107,491,000. Finally, Two Sigma Advisers LP increased its holdings in Roblox by 32.9% in the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock valued at $259,576,000 after buying an additional 1,452,900 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Wedbush reaffirmed an “outperform” rating and set a $83.00 price target on shares of Roblox in a research note on Friday, February 7th. Benchmark raised their price objective on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays reduced their price objective on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, Macquarie raised their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the transaction, the insider now owns 278,161 shares in the company, valued at $16,620,119.75. The trade was a 7.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the transaction, the chief financial officer now owns 395,465 shares of the company’s stock, valued at $23,783,265.10. This trade represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 961,255 shares of company stock valued at $62,394,678 over the last three months. 22.15% of the stock is owned by corporate insiders.

Roblox Price Performance

Shares of NYSE:RBLX opened at $58.45 on Friday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The business has a fifty day simple moving average of $64.28 and a 200 day simple moving average of $53.79. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market cap of $36.18 billion, a price-to-earnings ratio of -40.31 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts predict that Roblox Co. will post -1.49 earnings per share 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.