Readystate Asset Management LP grew its holdings in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 685.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 377,201 shares of the company’s stock after acquiring an additional 329,201 shares during the quarter. Readystate Asset Management LP owned 0.06% of Roblox worth $20,512,000 at the end of the most recent quarter.
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Other large investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management bought a new stake in Roblox during the 1st quarter valued at $25,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Roblox during the fourth quarter worth about $27,000. Basecamp Wealth Advisors LLC grew its stake in shares of Roblox by 98.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock worth $29,000 after purchasing an additional 252 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of Roblox by 76.3% in the fourth quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock worth $30,000 after purchasing an additional 161 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in Roblox by 100.7% during the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock valued at $32,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.
Analyst Ratings Changes
RBLX has been the subject of several research reports. Oppenheimer decreased their target price on Roblox from $82.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. Raymond James Financial began coverage on shares of Roblox in a report on Monday, June 29th. They issued a “market perform” rating for the company. Cantor Fitzgerald assumed coverage on Roblox in a research note on Monday, June 29th. They issued an “overweight” rating for the company. Wedbush downgraded Roblox from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $65.00 to $40.00 in a report on Friday, July 31st. Finally, Needham & Company LLC dropped their price objective on Roblox from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.89.
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