Versor Investments LP Decreases Holdings in Roblox Co. (NYSE:RBLX)

Versor Investments LP decreased its stake in Roblox Co. (NYSE:RBLX) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,600 shares of the company’s stock after selling 1,200 shares during the quarter. Versor Investments LP’s holdings in Roblox were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RBLX. Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after acquiring an additional 624 shares in the last quarter. Huntington National Bank boosted its stake in shares of Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after acquiring an additional 770 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Roblox by 2,955.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after purchasing an additional 1,182 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares in the company, valued at approximately $12,513,028.86. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,136,535 shares of company stock worth $70,589,814 over the last three months. Company insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Wedbush restated an “outperform” rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. CICC Research assumed coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. The Goldman Sachs Group boosted their target price on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Barclays cut their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Stock Down 2.3 %

Roblox stock opened at $62.15 on Tuesday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a 50 day moving average price of $64.17 and a 200 day moving average price of $53.53. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a market capitalization of $38.47 billion, a PE ratio of -42.86 and a beta of 1.46.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Research analysts expect that Roblox Co. will post -1.49 earnings per share for the current 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.