Bayesian Capital Management LP Grows Position in Roblox Co. (NYSE:RBLX)

Bayesian Capital Management LP grew its stake in Roblox Co. (NYSE:RBLX) by 47.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,200 shares of the company’s stock after buying an additional 23,500 shares during the quarter. Bayesian Capital Management LP’s holdings in Roblox were worth $4,235,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MetLife Investment Management LLC increased 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 in the last quarter. Rakuten Securities Inc. increased its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC raised its position 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 purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust lifted 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 in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in 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 period. Institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

RBLX has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price objective on Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. CICC Research assumed coverage on Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. Morgan Stanley reduced their price objective on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Finally, Citigroup lifted their price target on shares of Roblox from $78.00 to $85.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.27.

Roblox Price Performance

Roblox stock opened at $74.19 on Friday. The firm has a market capitalization of $46.63 billion, a PE ratio of -51.17 and a beta of 1.49. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The firm has a 50-day moving average price of $59.73 and a 200-day moving average price of $58.49. 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) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business earned ($0.43) earnings per share. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 229,167 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was 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 owns 221,983 shares of the company’s stock, valued at $11,649,667.84. This represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 4,468 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 764,399 shares of company stock valued at $45,431,661 in the last quarter. 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.