Teza Capital Management LLC Has $430,000 Holdings in Roblox Co. (NYSE:RBLX)

Teza Capital Management LLC reduced its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,437 shares of the company's stock after selling 6,590 shares during the period. Teza Capital Management LLC's holdings in Roblox were worth $430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RBLX. FMR LLC raised its stake in shares of Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after acquiring an additional 4,406,885 shares during the period. Durable Capital Partners LP bought a new position in shares of Roblox in the 4th quarter valued at about $246,560,000. Finally, Ieq Capital LLC boosted its stake in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after acquiring an additional 3,507,901 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Anthony P. Lee sold 21,200 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total value of $1,301,044.00. Following the sale, the director now directly owns 6,589,757 shares in the company, valued at $404,413,387.09. This trade represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the sale, the chief accounting officer now owns 75,583 shares of the company's stock, valued at $4,636,261.22. This trade represents a 5.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,432,954 shares of company stock worth $167,209,673 in the last three months. 22.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RBLX. Wedbush reiterated an "outperform" rating and set a $83.00 price objective on shares of Roblox in a report on Thursday, April 24th. The Goldman Sachs Group upped their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Barclays raised their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Canaccord Genuity Group lifted their price target on Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets restated an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $68.68.

Roblox Stock Performance

Roblox stock opened at $81.16 on Tuesday. The company has a market capitalization of $51.13 billion, a price-to-earnings ratio of -55.97 and a beta of 1.46. The firm's fifty day moving average price is $63.22 and its 200 day moving average price is $61.07. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $82.02.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating 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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned ($0.43) EPS. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. On average, research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal 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.

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