Roblox Co. (NYSE:RBLX) Shares Purchased by Once Capital Management LLC

Once Capital Management LLC raised its holdings in Roblox Co. (NYSE:RBLX) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,000 shares of the company’s stock after purchasing an additional 5,700 shares during the quarter. Roblox comprises approximately 3.3% of Once Capital Management LLC’s portfolio, making the stock its 12th largest holding. Once Capital Management LLC’s holdings in Roblox were worth $4,572,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Global Retirement Partners LLC increased its stake in Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after purchasing an additional 320 shares during the period. Independent Advisor Alliance boosted its holdings in shares of Roblox by 3.1% in the third quarter. Independent Advisor Alliance now owns 11,851 shares of the company’s stock valued at $343,000 after acquiring an additional 352 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Roblox by 9.3% in the third quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock valued at $119,000 after acquiring an additional 352 shares in the last quarter. Sepio Capital LP boosted its holdings in shares of Roblox by 3.0% in the third quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock valued at $374,000 after acquiring an additional 382 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Roblox by 0.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock valued at $4,297,000 after acquiring an additional 458 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 target price on shares of Roblox in a report on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Wedbush boosted their price objective on shares of Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $41.00 to $48.00 in a report on Tuesday, April 23rd. Finally, Benchmark reissued a “buy” rating and set a $50.00 price objective on shares of Roblox in a report on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

Insider Activity at Roblox

In other Roblox news, CFO Michael Guthrie sold 10,972 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $445,902.08. Following the completion of the transaction, the chief financial officer now directly owns 233,629 shares of the company’s stock, valued at approximately $9,494,682.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Mark Reinstra sold 12,531 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total value of $510,638.25. Following the transaction, the insider now directly owns 249,779 shares in the company, valued at approximately $10,178,494.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Guthrie sold 10,972 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $445,902.08. Following the completion of the transaction, the chief financial officer now owns 233,629 shares in the company, valued at $9,494,682.56. The disclosure for this sale can be found here. In the last three months, insiders sold 712,374 shares of company stock valued at $29,639,338. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Up 1.4 %

Shares of Roblox stock traded up $0.48 during trading hours on Friday, hitting $36.01. The company’s stock had a trading volume of 3,746,578 shares, compared to its average volume of 6,069,188. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The business has a fifty day moving average of $38.53 and a 200 day moving average of $39.06. The company has a market capitalization of $21.28 billion, a PE ratio of -19.26 and a beta of 1.63. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.48) earnings per share. As a group, equities analysts forecast that Roblox Co. will post -2.09 EPS 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.