California Public Employees Retirement System Purchases 883 Shares of Roblox Co. (NYSE:RBLX)

California Public Employees Retirement System increased its stake in Roblox Co. (NYSE:RBLX) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 679,052 shares of the company’s stock after buying an additional 883 shares during the quarter. California Public Employees Retirement System’s holdings in Roblox were worth $31,046,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RBLX. Allspring Global Investments Holdings LLC bought a new stake in Roblox in the fourth quarter worth $25,000. Blue Trust Inc. lifted its position in Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after buying an additional 912 shares during the last quarter. Allworth Financial LP lifted its position in Roblox by 90.2% in the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after buying an additional 587 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Roblox in the fourth quarter worth $58,000. Finally, Lindbrook Capital LLC lifted its position in Roblox by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 1,637 shares of the company’s stock worth $75,000 after buying an additional 700 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

Roblox Price Performance

Shares of RBLX stock opened at $36.01 on Friday. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The stock’s 50-day moving average is $38.53 and its 200 day moving average is $39.06. The company has a market cap of $21.28 billion, a P/E ratio of -19.26 and a beta of 1.63. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned ($0.48) earnings per share. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. Research analysts predict that Roblox Co. will post -2.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 3,777 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 value of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Roblox news, CAO Amy Marie Rawlings sold 3,777 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 value of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 200,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00. Following the completion of the sale, the chief executive officer now directly owns 1 shares of the company’s stock, valued at approximately $44.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 712,374 shares of company stock valued at $29,639,338. 22.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBLX. JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $41.00 to $48.00 in a research report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and issued a $50.00 target price on shares of Roblox in a research note on Tuesday, April 23rd. The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Roth Mkm increased their target price on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

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.