Picton Mahoney Asset Management Takes $220,000 Position in Roblox Co. (NYSE:RBLX)

Picton Mahoney Asset Management acquired a new position in Roblox Co. (NYSE:RBLX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,790 shares of the company’s stock, valued at approximately $220,000.

A number of other large investors have also modified their holdings of the company. Wealthfront Advisers LLC increased its stake in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. ValueAct Holdings L.P. grew its holdings in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after buying an additional 7,835,921 shares in the last quarter. FMR LLC increased its position in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the period. Ieq Capital LLC raised its stake in Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after acquiring an additional 3,507,901 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in Roblox during the 3rd quarter worth $107,491,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of RBLX opened at $56.51 on Monday. The company has a 50-day moving average of $63.91 and a two-hundred day moving average of $54.47. The stock has a market cap of $34.98 billion, a price-to-earnings ratio of -38.97 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping 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, equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the transaction, the chief financial officer now owns 395,465 shares of the company’s stock, valued at $23,783,265.10. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 916,367 shares of company stock valued at $59,700,949. Company insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Raymond James restated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research report on Friday, November 22nd. Macquarie increased their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company boosted their target price on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Company 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.