TFJ Management LLC Makes New $976,000 Investment in Roblox Co. (NYSE:RBLX)

TFJ Management LLC purchased a new position in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,864 shares of the company’s stock, valued at approximately $976,000. Roblox comprises approximately 0.9% of TFJ Management LLC’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors have also made changes to their positions in RBLX. Versant Capital Management Inc increased its position in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the sale, the insider now directly owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This represents a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares of the company’s stock, valued at approximately $4,636,261.22. This trade represents a 5.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 926,954 shares of company stock worth $56,936,331 in the last quarter. 22.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on RBLX shares. Barclays dropped their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their target price on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating on the stock. Finally, Oppenheimer raised Roblox from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Roblox Trading Up 1.1 %

Shares of NYSE:RBLX opened at $59.76 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The business has a 50 day moving average of $59.28 and a 200-day moving average of $56.78. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a market cap of $37.56 billion, a PE ratio of -41.22 and a beta of 1.49.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities research analysts forecast that Roblox Co. will post -1.49 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.