Mount Lucas Management LP Makes New $256,000 Investment in Roblox Corporation (NYSE:RBLX)

Mount Lucas Management LP purchased a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,400 shares of the company's stock, valued at approximately $256,000.

Several other hedge funds have also recently modified their holdings of RBLX. Thrivent Financial for Lutherans purchased a new stake in shares of Roblox in the 4th quarter worth approximately $229,000. Teacher Retirement System of Texas purchased a new stake in Roblox during the fourth quarter valued at approximately $259,000. Sei Investments Co. lifted its position in Roblox by 97.5% during the fourth quarter. Sei Investments Co. now owns 256,120 shares of the company's stock valued at $14,819,000 after acquiring an additional 126,413 shares during the last quarter. Vanguard Group Inc. lifted its position in Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock valued at $3,080,449,000 after acquiring an additional 462,450 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Roblox during the fourth quarter valued at approximately $503,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

RBLX stock traded up $0.67 during midday trading on Friday, hitting $118.79. 5,550,984 shares of the stock traded hands, compared to its average volume of 8,101,534. The stock's fifty day simple moving average is $100.68 and its 200-day simple moving average is $76.37. Roblox Corporation has a 1-year low of $35.30 and a 1-year high of $127.99. The firm has a market cap of $80.57 billion, a P/E ratio of -88.65 and a beta of 1.60. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. Roblox's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.43) earnings per share. On average, analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $72.19, for a total value of $99,261,394.38. Following the completion of the transaction, the chief executive officer owned 221,983 shares in the company, valued at approximately $16,024,952.77. The trade was a 86.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 6,651,690 shares of company stock valued at $593,440,562 in the last ninety days. Insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

RBLX has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of Roblox from $95.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday. FBN Securities initiated coverage on shares of Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price for the company. Wells Fargo & Company raised their price target on shares of Roblox from $78.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, June 27th. Roth Mkm raised their price target on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Raymond James Financial cut shares of Roblox from a "strong-buy" rating to an "outperform" rating and raised their price target for the stock from $81.00 to $130.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.95.

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.