Ashford Capital Management Inc. Purchases New Stake in Roblox Co. (NYSE:RBLX)

Ashford Capital Management Inc. acquired a new position in Roblox Co. (NYSE:RBLX) in the 4th quarter, Holdings Channel.com reports. The firm acquired 4,168 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Roblox by 7.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,084,605 shares of the company’s stock valued at $120,615,000 after purchasing an additional 140,050 shares during the period. Voloridge Investment Management LLC lifted its position in shares of Roblox by 161.8% during the 4th quarter. Voloridge Investment Management LLC now owns 2,555,844 shares of the company’s stock valued at $147,881,000 after acquiring an additional 1,579,625 shares during the period. Worldquant Millennium Advisors LLC lifted its position in shares of Roblox by 32.4% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,669,966 shares of the company’s stock valued at $96,624,000 after acquiring an additional 408,916 shares during the period. Whale Rock Capital Management LLC boosted its stake in shares of Roblox by 95.8% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company’s stock worth $275,137,000 after acquiring an additional 2,326,588 shares in the last quarter. Finally, Woodline Partners LP grew its holdings in shares of Roblox by 28.0% in the 4th quarter. Woodline Partners LP now owns 666,300 shares of the company’s stock worth $38,552,000 after acquiring an additional 145,607 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Down 0.1%

Shares of RBLX opened at $81.16 on Tuesday. Roblox Co. has a fifty-two week low of $31.59 and a fifty-two week high of $82.02. The company’s fifty day moving average is $63.22 and its two-hundred day moving average is $61.07. The firm has a market cap of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the firm earned ($0.43) earnings per share. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. Analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In related news, insider Manuel Bronstein sold 68,722 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $80.00, for a total value of $5,497,760.00. Following the completion of the sale, the insider now directly owns 582,454 shares in the company, valued at approximately $46,596,320. This represents a 10.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 16,432 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.39, for a total value of $1,008,760.48. Following the completion of the transaction, the insider now directly owns 322,774 shares in the company, valued at $19,815,095.86. This trade represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,432,954 shares of company stock worth $167,209,673 in the last three months. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RBLX shares. Macquarie lifted their price objective on Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Roblox in a research note on Friday, May 2nd. Wells Fargo & Company increased their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Needham & Company LLC restated a “buy” rating on shares of Roblox in a report on Friday, May 2nd. Finally, FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price target on the stock. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.68.

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.