Versor Investments LP Raises Stock Holdings in Roblox Corporation $RBLX

Versor Investments LP boosted its stake in Roblox Corporation (NYSE:RBLX) by 237.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,007 shares of the company’s stock after buying an additional 18,301 shares during the period. Versor Investments LP’s holdings in Roblox were worth $2,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after purchasing an additional 1,020,786 shares during the period. State Street Corp increased its stake in Roblox by 11.0% during the third quarter. State Street Corp now owns 13,369,844 shares of the company’s stock worth $1,851,991,000 after purchasing an additional 1,326,575 shares during the period. AQR Capital Management LLC increased its stake in Roblox by 7.4% during the third quarter. AQR Capital Management LLC now owns 9,697,538 shares of the company’s stock worth $1,310,719,000 after purchasing an additional 665,127 shares during the period. Franklin Resources Inc. increased its stake in Roblox by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,963,693 shares of the company’s stock worth $964,611,000 after purchasing an additional 619,048 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Roblox by 12.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,794,063 shares of the company’s stock worth $469,493,000 after purchasing an additional 645,859 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RBLX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research report on Friday, March 27th. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Citigroup lowered their price objective on Roblox from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Bank of America downgraded Roblox from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Friday, May 1st. Finally, Jefferies Financial Group downgraded Roblox from a “hold” rating to a “hold” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Roblox presently has an average rating of “Hold” and an average price target of $87.17.

Insiders Place Their Bets

In other news, insider Arvind Chakravarthy sold 40,646 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 10,834 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $61.63, for a total value of $667,699.42. Following the completion of the sale, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at $49,337,218.57. The trade was a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 196,708 shares of company stock valued at $12,145,082. 12.92% of the stock is owned by insiders.

Roblox Stock Performance

Shares of RBLX opened at $41.25 on Tuesday. The stock has a 50 day moving average price of $57.16 and a 200 day moving average price of $76.29. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $27.70 billion, a price-to-earnings ratio of -26.11 and a beta of 1.50. Roblox Corporation has a 52-week low of $40.95 and a 52-week high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. The firm 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 quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) earnings per share. Research analysts predict that Roblox Corporation will post -1.4 EPS 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.