Sciencast Management LP Purchases New Position in Roblox Co. (NYSE:RBLX)

Sciencast Management LP bought a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 36,985 shares of the company’s stock, valued at approximately $2,140,000.

Several other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC boosted its stake in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. raised its stake in shares of Roblox by 340.7% during the third 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 during the last quarter. FMR LLC lifted its holdings in Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the period. Ieq Capital LLC raised its position in shares of 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 during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in shares of Roblox in the 3rd quarter valued at $107,491,000. Institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RBLX shares. Roth Mkm raised their target price on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a report on Friday, February 7th. CICC Research initiated coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. Wells Fargo & Company lifted 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, Wedbush restated an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Stock Performance

Shares of Roblox stock opened at $61.21 on Friday. The stock has a market cap of $37.89 billion, a price-to-earnings ratio of -42.21 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 1 year low of $29.55 and a 1 year high of $75.74. The firm’s 50-day moving average is $63.54 and its 200 day moving average is $54.82.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Sell-side analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the sale, the insider now owns 204,261 shares in the company, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 24,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the sale, the insider now directly owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 950,466 shares of company stock valued at $61,646,297 over the last three months. Insiders own 22.15% of the company’s stock.

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.