129,864 Shares in Roblox Co. (NYSE:RBLX) Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 129,864 shares of the company's stock, valued at approximately $7,514,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MetLife Investment Management LLC lifted its holdings in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after purchasing an additional 161 shares during the last quarter. Rakuten Securities Inc. increased its position in 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. Simon Quick Advisors LLC lifted its holdings in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after buying an additional 217 shares in the last quarter. Parkside Financial Bank & Trust grew its stake 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 acquiring an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a research report on Friday, February 7th. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Piper Sandler reiterated an "overweight" rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their price target on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Macquarie upped their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $64.50.

Roblox Trading Up 3.0 %

Shares of RBLX stock traded up $2.03 during mid-day trading on Thursday, hitting $69.08. The company's stock had a trading volume of 21,624,314 shares, compared to its average volume of 7,957,301. The company's fifty day simple moving average is $59.27 and its 200-day simple moving average is $57.95. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a market cap of $43.41 billion, a PE ratio of -47.64 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

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

Insider Transactions at Roblox

In other news, insider Mark Reinstra sold 19,525 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 value of $1,287,478.50. Following the transaction, the insider now owns 339,206 shares in the company, valued at $22,367,243.64. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now owns 417,079 shares of the company's stock, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 764,399 shares of company stock valued at $45,431,661 in the last 90 days. 22.15% of the stock is currently owned by corporate insiders.

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.