Occudo Quantitative Strategies LP Purchases New Position in Roblox Co. (NYSE:RBLX)

Occudo Quantitative Strategies LP purchased a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,234 shares of the company’s stock, valued at approximately $881,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RBLX. MetLife Investment Management LLC raised its stake in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after acquiring an additional 161 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the sale, the chief accounting officer now directly owns 75,583 shares in the company, valued at $4,636,261.22. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony P. Lee sold 12,800 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $73.46, for a total transaction of $940,288.00. Following the transaction, the director now directly owns 296,584 shares of the company’s stock, valued at approximately $21,787,060.64. This trade represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,131,507 shares of company stock valued at $144,420,228 in the last 90 days. 22.15% of the stock is currently owned by insiders.

Roblox Price Performance

Shares of NYSE:RBLX opened at $77.06 on Wednesday. The firm has a market capitalization of $48.55 billion, a price-to-earnings ratio of -53.14 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The business’s 50 day simple moving average is $61.23 and its 200-day simple moving average is $60.01. Roblox Co. has a 12 month low of $30.83 and a 12 month high of $77.69.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.43) earnings per share. As a group, equities analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RBLX shares. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a research note on Friday, February 7th. FBN Securities began coverage on shares of Roblox in a research note on Friday, March 28th. They set a “sector perform” rating and a $65.00 price target for the company. Benchmark lifted their price objective on shares of Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company boosted their price target on Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.91.

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.