Plato Investment Management Ltd Increases Stake in Roblox Co. (NYSE:RBLX)

Plato Investment Management Ltd lifted its stake in shares of Roblox Co. (NYSE:RBLX) by 236.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,985 shares of the company’s stock after buying an additional 10,529 shares during the quarter. Plato Investment Management Ltd’s holdings in Roblox were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of RBLX. Toronto Dominion Bank boosted its stake in Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC boosted its stake in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after acquiring an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Roblox during the fourth quarter worth about $363,000. Entropy Technologies LP boosted its stake in Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after acquiring an additional 62,521 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its stake in Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after acquiring an additional 66,882 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Down 2.3 %

Shares of RBLX stock opened at $62.15 on Tuesday. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The stock has a market cap of $38.47 billion, a P/E ratio of -42.86 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a 50 day simple moving average of $64.17 and a two-hundred day simple moving average of $53.53.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on RBLX. Raymond James reissued a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. Morgan Stanley boosted their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Piper Sandler reissued an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Wells Fargo & Company upped their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the sale, the chief financial officer now directly owns 417,079 shares of the company’s stock, valued at $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Baszucki sold 333,334 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at approximately $7,409,896.45. This trade represents a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,136,535 shares of company stock valued at $70,589,814. Insiders own 22.15% of the company’s stock.

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.