Neo Ivy Capital Management Buys Shares of 57,624 Roblox Co. (NYSE:RBLX)

Neo Ivy Capital Management bought a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 57,624 shares of the company's stock, valued at approximately $3,334,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd boosted its position in shares of 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 during the period. Colonial Trust Co SC bought a new position in shares of Roblox in the fourth quarter worth approximately $41,000. Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. boosted its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 6,391 shares of Roblox stock in a transaction that occurred on 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 14,000 shares of Roblox stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $82.45, for a total transaction of $1,154,300.00. Following the completion of the sale, the director now owns 293,728 shares of the company's stock, valued at $24,217,873.60. This trade represents a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,530,764 shares of company stock worth $176,069,276 in the last three months. Corporate insiders own 22.15% of the company's stock.

Roblox Stock Up 0.8%

NYSE:RBLX opened at $81.77 on Friday. Roblox Co. has a fifty-two week low of $31.59 and a fifty-two week high of $83.04. The stock has a market capitalization of $51.51 billion, a P/E ratio of -56.39 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company's 50-day simple moving average is $64.73 and its 200-day simple moving average is $61.57.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Macquarie upped their target price on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Benchmark upped their target price on shares of Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, FBN Securities started 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. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.68.

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.

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