Cache Advisors LLC Buys Shares of 20,996 Roblox Co. (NYSE:RBLX)

Cache Advisors LLC acquired a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,996 shares of the company's stock, valued at approximately $1,215,000.

Several other institutional investors have also modified their holdings of RBLX. Simon Quick Advisors LLC lifted its stake in Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after acquiring an additional 217 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Roblox by 38.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,507 shares of the company's stock valued at $1,476,000 after acquiring an additional 7,103 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in Roblox by 11.1% in the 4th quarter. Impact Partnership Wealth LLC now owns 7,480 shares of the company's stock valued at $433,000 after acquiring an additional 750 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Roblox in the 4th quarter valued at approximately $202,000. Finally, KBC Group NV lifted its stake in Roblox by 15.0% in the 4th quarter. KBC Group NV now owns 74,332 shares of the company's stock valued at $4,300,000 after acquiring an additional 9,699 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

Several 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. Citigroup boosted their price target on Roblox from $78.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. FBN Securities started coverage on Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target on the stock. Macquarie boosted their price target on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Barclays boosted their price target on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $68.68.

Roblox Stock Performance

NYSE RBLX traded down $0.80 on Wednesday, reaching $84.63. The stock had a trading volume of 5,668,628 shares, compared to its average volume of 7,725,827. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a fifty day moving average of $66.29 and a two-hundred day moving average of $62.28. Roblox Co. has a 1-year low of $32.30 and a 1-year high of $85.92. The company has a market cap of $53.32 billion, a P/E ratio of -58.37 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.43) EPS. On average, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In related news, insider Manuel Bronstein sold 22,513 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $82.01, for a total value of $1,846,291.13. Following the sale, the insider now directly owns 519,619 shares of the company's stock, valued at $42,613,954.19. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 6,391 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total value of $515,498.06. Following the completion of the sale, the chief accounting officer now directly owns 73,931 shares in the company, valued at $5,963,274.46. This trade represents a 7.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,483,021 shares of company stock valued at $173,620,975. 12.92% of the stock is 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.