Polar Asset Management Partners Inc. Buys 14,600 Shares of Roblox Co. (NYSE:RBLX)

Polar Asset Management Partners Inc. grew its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,000 shares of the company's stock after purchasing an additional 14,600 shares during the period. Polar Asset Management Partners Inc.'s holdings in Roblox were worth $4,745,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RBLX. MetLife Investment Management LLC lifted its position in Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after purchasing an additional 161 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Roblox by 25.6% during 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. Simon Quick Advisors LLC increased its holdings in 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 purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Roblox by 44.5% during the fourth 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 period. Finally, Yousif Capital Management LLC lifted its stake in Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBLX has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Benchmark boosted their target price on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets restated an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. Barclays boosted their price target on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.68.

Roblox Price Performance

RBLX traded down $0.11 during trading hours on Monday, hitting $81.16. The company's stock had a trading volume of 7,473,976 shares, compared to its average volume of 7,729,986. 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 $51.13 billion, a price-to-earnings ratio of -55.97 and a beta of 1.46. The business's 50-day moving average price is $62.73 and its 200-day moving average price is $60.86. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last issued 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 business 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 company's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.43) earnings per share. Sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 16,432 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the transaction, the insider now directly owns 322,774 shares in the company, valued at approximately $19,815,095.86. This represents a 4.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Manuel Bronstein sold 14,721 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.10, for a total transaction of $899,453.10. Following the completion of the sale, the insider now directly owns 598,929 shares of the company's stock, valued at approximately $36,594,561.90. The trade was a 2.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,432,954 shares of company stock worth $167,209,673 over the last quarter. Insiders own 22.15% of the company's stock.

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.