Duality Advisers LP Acquires Shares of 25,105 Roblox Co. (NYSE:RBLX)

Duality Advisers LP acquired a new position in Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,105 shares of the company's stock, valued at approximately $1,148,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Roblox by 29.0% during the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company's stock valued at $1,291,414,000 after acquiring an additional 10,025,779 shares in the last quarter. Ieq Capital LLC increased its holdings in Roblox by 158.0% in the 3rd quarter. Ieq Capital LLC now owns 9,151,748 shares of the company's stock worth $265,035,000 after buying an additional 5,604,995 shares in the last quarter. Morgan Stanley increased its holdings in Roblox by 13.7% in the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company's stock worth $1,187,769,000 after buying an additional 4,927,848 shares in the last quarter. ARK Investment Management LLC increased its holdings in Roblox by 28.5% in the 3rd quarter. ARK Investment Management LLC now owns 11,973,881 shares of the company's stock worth $346,764,000 after buying an additional 2,655,333 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Roblox by 123.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company's stock worth $94,634,000 after buying an additional 1,805,567 shares in the last quarter. Institutional investors own 91.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stifel Nicolaus reissued a "buy" rating and issued a $53.00 target price on shares of Roblox in a research report on Monday. Needham & Company LLC lifted their price objective on Roblox from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Benchmark reaffirmed a "buy" rating and set a $50.00 price objective on shares of Roblox in a research report on Tuesday. Roth Mkm lifted their price objective on Roblox from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Finally, Barclays raised Roblox from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $47.60.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 3,777 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the transaction, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 200,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00. Following the transaction, the chief executive officer now owns 1 shares in the company, valued at approximately $44.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 699,374 shares of company stock valued at $29,183,298. Company insiders own 22.15% of the company's stock.

Roblox Stock Down 3.7 %

Shares of RBLX stock traded down $1.33 during mid-day trading on Wednesday, hitting $34.97. The stock had a trading volume of 8,253,585 shares, compared to its average volume of 7,567,564. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $20.67 billion, a P/E ratio of -18.70 and a beta of 1.63. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The firm's 50-day moving average is $38.84 and its two-hundred day moving average is $38.99.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping analysts' consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the business posted ($0.48) EPS. The firm's quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts predict that Roblox Co. will post -2.1 earnings per share 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.