Roblox Co. (NYSE:RBLX) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. lifted its holdings in shares of Roblox Co. (NYSE:RBLX) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,083 shares of the company’s stock after purchasing an additional 3,086 shares during the quarter. Candriam S.C.A.’s holdings in Roblox were worth $1,625,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RBLX. ValueAct Holdings L.P. boosted its holdings in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the last quarter. FMR LLC boosted its holdings in Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. Ieq Capital LLC boosted its holdings in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after acquiring an additional 3,507,901 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in Roblox in the third quarter valued at $107,491,000. Finally, Two Sigma Advisers LP boosted its holdings in Roblox by 32.9% in the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock valued at $259,576,000 after acquiring an additional 1,452,900 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of NYSE RBLX opened at $57.24 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a 50 day simple moving average of $64.23 and a 200-day simple moving average of $54.07. The company has a market cap of $35.43 billion, a PE ratio of -39.48 and a beta of 1.49. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the sale, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at $23,783,265.10. The trade was a 11.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the transaction, the insider now directly owns 278,161 shares in the company, valued at $16,620,119.75. This trade represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 961,255 shares of company stock worth $62,394,678 over the last ninety days. Company insiders own 22.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RBLX. Macquarie lifted their target price on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective on the stock. Raymond James restated a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. Piper Sandler restated an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Benchmark boosted their price objective on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Company 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.