29,681 Shares in Roblox Co. (NYSE:RBLX) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new stake in shares of Roblox Co. (NYSE:RBLX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,681 shares of the company’s stock, valued at approximately $1,133,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Roblox by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after buying an additional 10,025,779 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Roblox by 3,188.8% in the 4th quarter. International Assets Investment Management LLC now owns 84,719 shares of the company’s stock worth $3,873,000 after purchasing an additional 82,143 shares during the period. Kodai Capital Management LP bought a new position in shares of Roblox in the 4th quarter worth approximately $6,805,000. Global Retirement Partners LLC boosted its holdings in shares of Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after buying an additional 320 shares during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in Roblox during the fourth quarter valued at approximately $1,660,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Michael Guthrie sold 900 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total transaction of $31,500.00. Following the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $13,112,155. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Roblox news, CAO Amy Marie Rawlings sold 3,910 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $32.56, for a total value of $127,309.60. Following the sale, the chief accounting officer now owns 98,457 shares in the company, valued at $3,205,759.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 900 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $35.00, for a total transaction of $31,500.00. Following the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at $13,112,155. The disclosure for this sale can be found here. Insiders have sold 314,221 shares of company stock valued at $10,951,185 over the last ninety days. 22.15% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Moffett Nathanson upgraded shares of Roblox from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $31.00 to $26.00 in a research note on Friday, May 10th. Roth Mkm reissued a “neutral” rating and set a $35.00 price target (down previously from $55.00) on shares of Roblox in a report on Tuesday, May 14th. The Goldman Sachs Group reduced their price target on Roblox from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $56.00 price objective (down from $57.00) on shares of Roblox in a research report on Monday, May 13th. Finally, Benchmark reduced their target price on shares of Roblox from $50.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 10th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average price target of $42.59.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.17 during midday trading on Tuesday, reaching $41.28. 4,614,874 shares of the stock traded hands, compared to its average volume of 7,575,744. The company’s 50 day moving average is $35.50 and its 200 day moving average is $38.22. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $24.41 billion, a PE ratio of -22.10 and a beta of 1.59.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The business had revenue of $923.76 million during the quarter, compared to analyst estimates of $918.85 million. During the same quarter last year, the business earned ($0.44) earnings per share. Roblox’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that Roblox Co. will post -1.67 earnings per share for the current year.

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.