Voleon Capital Management LP Buys Shares of 69,962 Roblox Co. (NYSE:RBLX)

Voleon Capital Management LP bought a new position in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 69,962 shares of the company's stock, valued at approximately $4,048,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after purchasing an additional 239 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares during the period. Rakuten Securities Inc. grew its position in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 633 shares during the period. Finally, GAMMA Investing LLC lifted its position in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Up 7.5 %

Roblox stock traded up $5.19 during midday trading on Friday, reaching $74.19. The stock had a trading volume of 15,007,967 shares, compared to its average volume of 8,008,309. The firm's fifty day simple moving average is $59.73 and its two-hundred day simple moving average is $58.37. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The firm has a market cap of $46.63 billion, a price-to-earnings ratio of -51.17 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly 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. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) earnings per share. Equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RBLX shares. CICC Research initiated coverage on Roblox in a report on Tuesday, January 14th. They set an "outperform" rating on the stock. FBN Securities began coverage on Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target for the company. Benchmark increased their target price on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a research note on Friday, February 7th. Finally, Canaccord Genuity Group raised their price objective on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $67.27.

Insider Transactions at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the sale, the insider now directly owns 364,244 shares in the company, valued at $21,122,509.56. The trade was a 1.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the transaction, the chief financial officer now owns 417,079 shares in the company, valued at $27,502,189.26. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 764,399 shares of company stock valued at $45,431,661 over the last three months. 22.15% of the stock is owned by corporate insiders.

About Roblox

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.