GSA Capital Partners LLP Has $2.28 Million Stock Holdings in Roblox Corporation $RBLX

GSA Capital Partners LLP boosted its holdings in shares of Roblox Corporation (NYSE:RBLX) by 143.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,186 shares of the company’s stock after buying an additional 16,615 shares during the period. GSA Capital Partners LLP’s holdings in Roblox were worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of RBLX. NewEdge Advisors LLC raised its position in Roblox by 2.3% during the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after buying an additional 231 shares during the period. Sivia Capital Partners LLC grew its stake in Roblox by 70.2% in the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after purchasing an additional 5,363 shares in the last quarter. CW Advisors LLC purchased a new position in Roblox in the second quarter valued at about $272,000. Baird Financial Group Inc. grew its stake in Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Roblox in the second quarter valued at about $438,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Matthew D. Kaufman sold 13,325 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $57.94, for a total transaction of $772,050.50. Following the completion of the sale, the insider owned 364,320 shares in the company, valued at $21,108,700.80. This represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $44.97, for a total value of $749,470.02. Following the sale, the director owned 1,294,501 shares of the company’s stock, valued at approximately $58,213,709.97. The trade was a 1.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 76,144 shares of company stock worth $4,235,769 in the last 90 days. 10.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on RBLX. JPMorgan Chase & Co. lowered their target price on Roblox from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Oppenheimer began coverage on Roblox in a research note on Friday, May 1st. They issued an “outperform” rating on the stock. Raymond James Financial downgraded Roblox from an “outperform” rating to a “market perform” rating in a research note on Friday, May 1st. Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.17.

Roblox Stock Performance

RBLX opened at $47.05 on Tuesday. The company has a market cap of $31.60 billion, a PE ratio of -29.78 and a beta of 1.50. The stock has a 50-day moving average of $54.77 and a 200-day moving average of $73.27. Roblox Corporation has a 52-week low of $40.15 and a 52-week high of $150.59. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.06. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm’s revenue was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.32) EPS. As a group, equities research analysts forecast that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.