Cache Advisors LLC Takes Position in Roblox Co. (NYSE:RBLX)

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

A number of other large investors have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new position in Roblox in the fourth quarter worth about $4,322,000. Neo Ivy Capital Management bought a new position in Roblox in the fourth quarter worth about $3,334,000. Gordian Capital Singapore Pte Ltd raised its holdings in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new position in Roblox in the fourth quarter worth about $278,000. Finally, Ashford Capital Management Inc. bought a new position in Roblox in the fourth quarter worth about $241,000. 94.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the transaction, the insider now owns 364,244 shares in the company, valued at $21,122,509.56. This trade represents a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Baszucki sold 1,375,002 shares of the 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 transaction, the chief executive officer now owns 221,983 shares in the company, valued at $16,024,952.77. This trade represents a 86.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,482,039 shares of company stock worth $173,560,818. Corporate insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

RBLX has been the topic of several recent analyst reports. Benchmark upped their price objective on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Morgan Stanley cut their price objective on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company upped their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Wedbush restated an "outperform" rating and set a $83.00 price objective on shares of Roblox in a report on Thursday, April 24th. Finally, Canaccord Genuity Group upped their price objective on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $68.68.

Roblox Stock Performance

Roblox stock traded up $0.16 during mid-day trading on Thursday, hitting $84.80. The company had a trading volume of 2,201,015 shares, compared to its average volume of 7,709,132. 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 Co. has a 12-month low of $32.31 and a 12-month high of $85.98. The company's fifty day moving average is $66.75 and its 200-day moving average is $62.43. The company has a market capitalization of $53.42 billion, a price-to-earnings ratio of -58.46 and a beta of 1.46.

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