Versant Capital Management Inc Acquires 239 Shares of Roblox Co. (NYSE:RBLX)

Versant Capital Management Inc increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 83.9% during the fourth quarter, HoldingsChannel reports. The firm owned 524 shares of the company’s stock after buying an additional 239 shares during the period. Versant Capital Management Inc’s holdings in Roblox were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RBLX. Principal Financial Group Inc. grew its position in Roblox by 308.2% in the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after purchasing an additional 137,267 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Roblox in the third quarter worth $533,000. World Investment Advisors LLC purchased a new stake in Roblox during the third quarter valued at $204,000. Virtu Financial LLC bought a new position in Roblox in the third quarter valued at about $2,341,000. Finally, Toronto Dominion Bank boosted its position in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after purchasing an additional 15,333 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Down 1.0 %

Shares of RBLX stock opened at $61.28 on Wednesday. The stock has a market cap of $37.23 billion, a P/E ratio of -37.37 and a beta of 1.43. The company’s fifty day simple moving average is $55.15 and its two-hundred day simple moving average is $46.22. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $62.48.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.45) earnings per share. Analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Macquarie upped their price target on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Benchmark upped their price objective on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $65.00 in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average target price of $55.67.

Insider Activity

In other news, insider Mark Reinstra sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value 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 $16,620,119.75. This trade represents a 7.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Manuel Bronstein sold 44,888 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88. Following the transaction, the insider now directly owns 573,266 shares in the company, valued at approximately $34,401,692.66. This represents a 7.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,254,601 shares of company stock worth $65,622,735. 22.15% of the stock is currently owned by insiders.

Roblox 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.