69,962 Shares in Roblox Co. (NYSE:RBLX) Bought by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 69,962 shares of the company’s stock, valued at approximately $4,048,000.

Other large investors also recently modified their holdings of the company. Smith Group Asset Management LLC grew its stake in Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Roblox during the 4th quarter valued at approximately $363,000. Silicon Valley Capital Partners grew its position in shares of Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after buying an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after buying an additional 1,971 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in Roblox in the fourth quarter valued at $763,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David Baszucki sold 1,445 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $60.50, for a total transaction of $87,422.50. Following the completion of the sale, the chief executive officer now owns 122,853 shares in the company, valued at approximately $7,432,606.50. This represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now directly owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 902,954 shares of company stock worth $55,354,971 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on RBLX. Wells Fargo & Company dropped their target price on shares of Roblox from $76.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Barclays lowered their price objective on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Citigroup reiterated a “buy” rating on shares of Roblox in a report on Wednesday, April 23rd. Finally, FBN Securities initiated coverage on Roblox in a research note on Friday, March 28th. They set a “sector perform” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.50.

Roblox Stock Down 0.0 %

RBLX stock opened at $66.40 on Wednesday. The firm’s 50-day moving average is $59.18 and its two-hundred day moving average is $57.89. The company has a market capitalization of $41.73 billion, a price-to-earnings ratio of -45.79 and a beta of 1.49. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

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

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.