13,438 Shares in Roblox Corporation $RBLX Purchased by Caxton Associates LLP

Caxton Associates LLP bought a new stake in Roblox Corporation (NYSE:RBLX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,438 shares of the company’s stock, valued at approximately $1,414,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Roblox by 2.6% during the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after purchasing an additional 1,513,608 shares during the period. Westfield Capital Management Co. LP bought a new stake in Roblox during the 2nd quarter worth approximately $120,041,000. Moody Lynn & Lieberson LLC acquired a new stake in Roblox during the 2nd quarter worth approximately $2,779,000. Teacher Retirement System of Texas lifted its stake in Roblox by 14.5% in the second quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock valued at $8,554,000 after buying an additional 10,325 shares in the last quarter. Finally, OMNI 360 Wealth Inc. lifted its stake in Roblox by 69.9% in the second quarter. OMNI 360 Wealth Inc. now owns 8,059 shares of the company’s stock valued at $848,000 after buying an additional 3,315 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity at Roblox

In other Roblox news, CEO David Baszucki sold 66,896 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total value of $8,997,780.00. Following the transaction, the director owned 270,628 shares in the company, valued at $36,894,715.24. This trade represents a 19.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 382,508 shares of company stock valued at $40,838,541 over the last three months. Corporate insiders own 12.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Arete Research set a $116.00 price objective on shares of Roblox in a research report on Tuesday, September 9th. Raymond James Financial reiterated an “outperform” rating and set a $165.00 target price (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. B. Riley assumed coverage on Roblox in a report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price target on the stock. Barclays increased their price objective on Roblox from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Finally, Wolfe Research raised Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research report on Friday, August 22nd. Eighteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.88.

Roblox Price Performance

RBLX opened at $86.90 on Tuesday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $56.91 billion, a PE ratio of -60.77 and a beta of 1.62. The stock’s 50 day moving average price is $109.24 and its 200-day moving average price is $114.94. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm’s revenue was up 70.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.37) earnings per share. On average, equities research analysts predict that Roblox Corporation will post -1.49 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.