13,438 Shares in Roblox Corporation $RBLX Acquired by Caxton Associates LLP

Caxton Associates LLP acquired a new stake in shares of Roblox Corporation (NYSE:RBLX) in the second quarter, Holdings Channel reports. The firm acquired 13,438 shares of the company’s stock, valued at approximately $1,414,000.

Other institutional investors have also recently modified their holdings of the company. Aberdeen Group plc boosted its stake in Roblox by 0.7% in the 1st quarter. Aberdeen Group plc now owns 81,185 shares of the company’s stock worth $4,732,000 after purchasing an additional 600 shares in the last quarter. Ethic Inc. bought a new position in shares of Roblox in the first quarter worth approximately $534,000. Cresset Asset Management LLC grew its holdings in shares of Roblox by 3.8% during the first quarter. Cresset Asset Management LLC now owns 22,881 shares of the company’s stock valued at $1,334,000 after buying an additional 834 shares during the last quarter. Versor Investments LP increased its position in shares of Roblox by 356.7% during the first quarter. Versor Investments LP now owns 21,006 shares of the company’s stock valued at $1,224,000 after acquiring an additional 16,406 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Roblox by 1.9% in the 1st quarter. Northern Trust Corp now owns 3,164,329 shares of the company’s stock worth $184,449,000 after acquiring an additional 60,105 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Roblox in a report on Friday, October 31st. Wedbush reissued an “outperform” rating and issued a $165.00 target price on shares of Roblox in a research report on Thursday, September 4th. Piper Sandler set a $130.00 price target on shares of Roblox in a report on Friday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $159.00 price target on shares of Roblox in a research note on Friday, October 31st. Finally, UBS Group set a $99.00 price objective on shares of Roblox in a research report on Tuesday, December 9th. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.88.

Insider Buying and Selling at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 20,867 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the completion of the sale, the insider owned 239,775 shares of the company’s stock, valued at $23,042,377.50. This trade represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Naveen K. Chopra sold 19,424 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $95.23, for a total value of $1,849,747.52. Following the completion of the transaction, the chief financial officer directly owned 337,036 shares in the company, valued at approximately $32,095,938.28. This trade represents a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 382,508 shares of company stock worth $40,838,541. Insiders own 12.92% of the company’s stock.

Roblox Stock Performance

NYSE RBLX opened at $86.90 on Tuesday. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm has a market capitalization of $56.91 billion, a P/E ratio of -60.77 and a beta of 1.62. The stock’s fifty day moving average is $109.24 and its two-hundred day moving average is $114.94. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company posted ($0.37) EPS. The company’s revenue was up 70.3% compared to the same quarter last year. On average, research analysts anticipate that Roblox Corporation 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.