AXQ Capital LP Makes New Investment in Roblox Co. (NYSE:RBLX)

AXQ Capital LP bought a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 28,894 shares of the company’s stock, valued at approximately $1,672,000. Roblox accounts for 0.8% of AXQ Capital LP’s holdings, making the stock its 8th largest holding.

Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank grew its stake in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after buying an additional 15,333 shares during the period. Smith Group Asset Management LLC lifted its position in Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after acquiring an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Roblox in the 4th quarter valued at about $363,000. Silicon Valley Capital Partners lifted its position in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after acquiring an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after acquiring an additional 1,971 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the sale, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at approximately $23,783,265.10. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 34,099 shares of Roblox stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the sale, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $12,664,130.15. This represents a 13.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 950,466 shares of company stock worth $61,646,297 in the last three months. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Up 5.7 %

Roblox stock opened at $61.21 on Friday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The firm has a market capitalization of $37.89 billion, a price-to-earnings ratio of -42.21 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a 50 day simple moving average of $63.54 and a 200 day simple moving average of $54.82.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RBLX shares. Barclays dropped their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Morgan Stanley lifted their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Piper Sandler reissued an “overweight” rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Raymond James reissued a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.