Ossiam Has $13.75 Million Stock Holdings in Roblox Corporation $RBLX

Ossiam lifted its stake in shares of Roblox Corporation (NYSE:RBLX) by 1,554.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,240 shares of the company’s stock after acquiring an additional 93,240 shares during the quarter. Ossiam’s holdings in Roblox were worth $13,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Roblox by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after purchasing an additional 231 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Roblox by 70.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after purchasing an additional 5,363 shares during the period. Atria Investments Inc bought a new stake in shares of Roblox in the 2nd quarter valued at $217,000. Los Angeles Capital Management LLC bought a new stake in shares of Roblox in the 2nd quarter valued at $285,000. Finally, Illinois Municipal Retirement Fund increased its position in shares of Roblox by 99.6% during the second quarter. Illinois Municipal Retirement Fund now owns 27,452 shares of the company’s stock worth $2,888,000 after buying an additional 13,696 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 60,000 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $63.94, for a total value of $3,836,400.00. Following the sale, the insider owned 394,322 shares in the company, valued at $25,212,948.68. This represents a 13.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the completion of the transaction, the insider directly owned 307,263 shares in the company, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 703,144 shares of company stock valued at $51,681,640 over the last three months. 12.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RBLX. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. BTIG Research reissued a “buy” rating and issued a $141.00 price objective on shares of Roblox in a research report on Friday, February 6th. TD Cowen reissued a “sell” rating on shares of Roblox in a research note on Tuesday, January 27th. Needham & Company LLC cut their target price on Roblox from $159.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Oppenheimer decreased their target price on Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $117.35.

Roblox Trading Up 0.2%

RBLX opened at $56.42 on Friday. The company has a fifty day moving average price of $69.85 and a two-hundred day moving average price of $97.63. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The company has a market cap of $37.33 billion, a P/E ratio of -36.40 and a beta of 1.62. 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 (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the firm earned ($0.33) EPS. The business’s revenue was up 122.6% on a year-over-year basis. Analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Roblox Company 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.