Susquehanna Fundamental Investments LLC Purchases New Holdings in Roblox Co. (NYSE:RBLX)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 103,465 shares of the company's stock, valued at approximately $5,986,000.

Several other hedge funds also recently added to or reduced their stakes in RBLX. Versant Capital Management Inc grew its holdings in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after purchasing an additional 271 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Insider Activity at Roblox

In other news, insider Mark Reinstra sold 19,525 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the sale, the insider now directly owns 339,206 shares of the company's stock, valued at $22,367,243.64. This represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 4,468 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the sale, the chief accounting officer now owns 75,583 shares in the company, valued at $4,636,261.22. This trade represents a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 764,399 shares of company stock worth $45,431,661. 22.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RBLX shares. OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Morgan Stanley cut their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of Roblox in a research report on Wednesday, April 23rd. Finally, FBN Securities initiated coverage on shares of Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.41.

Roblox Stock Performance

Shares of RBLX stock traded up $5.19 during trading hours on Friday, hitting $74.19. The company's stock had a trading volume of 15,001,023 shares, compared to its average volume of 7,993,816. The stock has a market cap of $46.63 billion, a PE ratio of -51.17 and a beta of 1.49. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a 50 day moving average of $59.43 and a 200 day moving average of $58.14. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm's revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.43) earnings per share. On average, sell-side analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

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.