Roblox Co. (NYSE:RBLX) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its stake in Roblox Co. (NYSE:RBLX - Free Report) by 110.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,400 shares of the company's stock after purchasing an additional 134,200 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Roblox were worth $14,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in 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 last quarter. Rakuten Securities Inc. lifted its holdings 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 purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after buying an additional 271 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Shares of NYSE RBLX traded up $5.19 during midday trading on Friday, hitting $74.19. The stock had a trading volume of 15,007,967 shares, compared to its average volume of 8,008,309. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a 50 day simple moving average of $59.73 and a 200-day simple moving average of $58.37. The company has a market capitalization of $46.63 billion, a PE ratio of -51.17 and a beta of 1.49. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted ($0.43) EPS. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. On average, sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RBLX shares. Oppenheimer upgraded Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a research note on Thursday, April 10th. FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Roth Mkm lifted their price target on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Morgan Stanley cut their price objective on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $67.27.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $11,649,667.84. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Reinstra sold 19,525 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,287,478.50. Following the completion of the sale, the insider now owns 339,206 shares of the company's stock, valued at $22,367,243.64. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 764,399 shares of company stock worth $45,431,661. 22.15% of the stock is owned by insiders.

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.