Roblox Corporation (NYSE:RBLX) Holdings Lifted by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its holdings in Roblox Corporation by 230.4% during the first quarter, owning 13,320 shares valued at approximately $776,000.
• Roblox's stock has recently faced a decline, showing a 9.2% decrease, with a current market cap of $84.89 billion and a PE ratio of -87.52.
• Insider transactions raised concerns, as key executives sold a total of 6,651,690 shares worth approximately $593.4 million over the last 90 days, resulting in significant decreases in their ownership stakes.

GSA Capital Partners LLP grew its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 230.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,320 shares of the company's stock after acquiring an additional 9,289 shares during the quarter. GSA Capital Partners LLP's holdings in Roblox were worth $776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted its position in shares of Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after buying an additional 161 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Roblox by 1.2% in the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after purchasing an additional 163 shares during the last quarter. Ballentine Partners LLC raised its stake in Roblox by 0.3% during the first quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock valued at $4,518,000 after purchasing an additional 198 shares in the last quarter. Signaturefd LLC lifted its position in Roblox by 3.8% during the first quarter. Signaturefd LLC now owns 6,153 shares of the company's stock valued at $359,000 after purchasing an additional 225 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its stake in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after buying an additional 240 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 687,500 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $18,610,845.23. This represents a 76.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 5,428,815 shares of company stock valued at $515,475,414. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Up 5.6%

Shares of RBLX traded up $7.17 during mid-day trading on Wednesday, hitting $134.28. 7,772,466 shares of the company traded hands, compared to its average volume of 8,818,459. The business has a 50 day moving average of $106.86 and a 200 day moving average of $79.55. The company has a market capitalization of $86.61 billion, a PE ratio of -93.90 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 1-year low of $36.07 and a 1-year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The company's quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share. Equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on RBLX. Wells Fargo & Company boosted their price objective on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Piper Sandler increased their price target on Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Barclays lifted their price target on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Bank of America boosted their price target on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $117.59.

Roblox Company 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.