Duality Advisers LP Invests $1.15 Million in Roblox Co. (NYSE:RBLX)

Duality Advisers LP acquired a new position in shares of Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,105 shares of the company’s stock, valued at approximately $1,148,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBLX. Handelsbanken Fonder AB grew its holdings in Roblox by 182.2% in the 4th quarter. Handelsbanken Fonder AB now owns 180,057 shares of the company’s stock valued at $8,232,000 after buying an additional 116,256 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Roblox in the fourth quarter valued at approximately $236,000. Signaturefd LLC grew its stake in shares of Roblox by 15.8% in the fourth quarter. Signaturefd LLC now owns 4,770 shares of the company’s stock worth $218,000 after acquiring an additional 651 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of 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 acquiring an additional 700 shares during the last quarter. Finally, abrdn plc increased its position in Roblox by 105.7% during the fourth quarter. abrdn plc now owns 157,420 shares of the company’s stock worth $7,197,000 after acquiring an additional 80,896 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on RBLX shares. Wedbush increased their price target on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Roth Mkm lifted their target price on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and upped their price target for the company from $35.00 to $48.00 in a report on Thursday, February 8th. Benchmark reissued a “buy” rating and set a $50.00 price objective on shares of Roblox in a report on Tuesday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $53.00 target price on shares of Roblox in a research note on Monday. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Roblox Price Performance

Roblox stock opened at $36.30 on Wednesday. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The firm has a market cap of $21.46 billion, a P/E ratio of -19.41 and a beta of 1.63. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average is $39.03 and its two-hundred day moving average is $39.01.

Roblox (NYSE:RBLX) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned ($0.48) EPS. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities research analysts forecast that Roblox Co. will post -2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 12,531 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.75, for a total value of $510,638.25. Following the completion of the transaction, the insider now directly owns 249,779 shares in the company, valued at approximately $10,178,494.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Mark Reinstra sold 12,531 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total transaction of $510,638.25. Following the completion of the transaction, the insider now owns 249,779 shares in the company, valued at $10,178,494.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The disclosure for this sale can be found here. Insiders have sold 699,374 shares of company stock valued at $29,183,298 in the last 90 days. 22.15% of the stock is owned by insiders.

About Roblox

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.