28,900 Shares in Roblox Corporation $RBLX Purchased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC acquired a new position in shares of Roblox Corporation (NYSE:RBLX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,900 shares of the company’s stock, valued at approximately $4,003,000.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Roblox during the second quarter worth $350,720,000. Vanguard Group Inc. raised its stake in shares of Roblox by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after acquiring an additional 3,284,073 shares during the period. Federated Hermes Inc. increased its position in shares of Roblox by 103.0% during the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock worth $341,410,000 after acquiring an additional 1,646,871 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Roblox by 47.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock worth $503,718,000 after purchasing an additional 1,531,380 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of Roblox by 359.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock valued at $191,295,000 after acquiring an additional 1,422,894 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Down 0.1%

Shares of RBLX stock opened at $63.09 on Tuesday. The firm’s fifty day moving average price is $77.88 and its two-hundred day moving average price is $105.37. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59. The firm has a market capitalization of $41.74 billion, a P/E ratio of -40.70 and a beta of 1.63.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company earned ($0.33) EPS. Roblox’s revenue for the quarter was up 122.6% compared to the same quarter last year. On average, equities analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 34,320 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value of $2,493,348.00. Following the sale, the insider owned 454,322 shares in the company, valued at $33,006,493.30. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Arvind Chakravarthy sold 40,646 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total value of $2,732,630.58. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 789,521 shares of company stock worth $61,989,659. Corporate insiders own 12.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RBLX shares. Citigroup dropped their price target on shares of Roblox from $152.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Freedom Capital upgraded shares of Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Piper Sandler reissued an “overweight” rating and set a $100.00 price objective (down from $125.00) on shares of Roblox in a research note on Friday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.44.

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.