Roblox Co. (NYSE:RBLX) Shares Purchased by Woodline Partners LP

Woodline Partners LP boosted its holdings in shares of Roblox Co. (NYSE:RBLX) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 666,300 shares of the company’s stock after purchasing an additional 145,607 shares during the quarter. Woodline Partners LP’s holdings in Roblox were worth $38,552,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Merit Financial Group LLC acquired a new stake in Roblox in the 4th quarter valued at $736,000. Ballentine Partners LLC lifted its holdings in Roblox by 172.3% during the fourth quarter. Ballentine Partners LLC now owns 77,315 shares of the company’s stock valued at $4,473,000 after purchasing an additional 48,919 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of Roblox by 0.7% in the fourth quarter. Atomi Financial Group Inc. now owns 137,642 shares of the company’s stock valued at $7,964,000 after purchasing an additional 984 shares during the period. Simon Quick Advisors LLC increased its stake in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Roblox by 38.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,507 shares of the company’s stock worth $1,476,000 after purchasing an additional 7,103 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Up 0.5%

NYSE:RBLX opened at $81.63 on Wednesday. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $82.02. The firm has a market cap of $51.43 billion, a PE ratio of -56.30 and a beta of 1.46. 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 stock has a fifty day moving average price of $63.74 and a 200 day moving average price of $61.21.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.43) EPS. Sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 229,167 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at $11,649,667.84. This trade represents a 50.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $79.94, for a total value of $479,640.00. Following the sale, the insider now directly owns 346,244 shares of the company’s stock, valued at $27,678,745.36. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,432,954 shares of company stock worth $167,209,673 in the last 90 days. Corporate insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Roblox from $63.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 14th. Wedbush reiterated an “outperform” rating and set a $83.00 price target on shares of Roblox in a research report on Thursday, April 24th. Benchmark raised their price objective on Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Morgan Stanley dropped their target price on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Barclays upped their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average target price of $68.68.

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.