Occudo Quantitative Strategies LP Acquires Shares of 15,234 Roblox Co. (NYSE:RBLX)

Occudo Quantitative Strategies LP acquired a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,234 shares of the company's stock, valued at approximately $881,000.

Several other large investors have also modified their holdings of RBLX. MetLife Investment Management LLC boosted its holdings in Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after acquiring an additional 161 shares during the period. Rakuten Securities Inc. boosted its stake in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after buying an additional 217 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after buying an additional 245 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 982 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the transaction, the insider now directly owns 204,261 shares of the company's stock, valued at $12,513,028.86. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David Baszucki sold 6,448 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.33, for a total value of $395,455.84. Following the completion of the transaction, the chief executive officer now directly owns 122,853 shares of the company's stock, valued at approximately $7,534,574.49. This represents a 4.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,358,232 shares of company stock valued at $161,232,273 over the last ninety days. 22.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RBLX. Wedbush reissued an "outperform" rating and set a $83.00 price target on shares of Roblox in a research report on Thursday, April 24th. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research report on Friday, February 7th. OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. BMO Capital Markets reissued an "outperform" rating on shares of Roblox in a research report on Friday, May 2nd. Finally, Macquarie upped their price target on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.68.

Roblox Trading Up 0.5%

Shares of NYSE RBLX traded up $0.44 during trading on Friday, reaching $81.21. The company had a trading volume of 9,253,683 shares, compared to its average volume of 7,725,787. The company's fifty day moving average price is $62.73 and its 200-day moving average price is $60.67. Roblox Co. has a 12 month low of $31.59 and a 12 month high of $82.02. The stock has a market cap of $51.16 billion, a P/E ratio of -56.00 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

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

About Roblox

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.