5,248 Shares in Roblox Corporation (NYSE:RBLX) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise has acquired 5,248 shares of Roblox Corporation (NYSE:RBLX), valued at approximately $307,000, during the first quarter.
• Roblox has recently seen significant portfolio changes, with FMR LLC boosting its stake by 89.4% and other institutions making notable acquisitions, leading to 94.46% of shares now owned by institutional investors.
• Roblox's stock currently has a consensus rating of "Moderate Buy" with an average target price of $117.59, despite reporting earnings of ($0.41) EPS, missing consensus estimates.

Banque Cantonale Vaudoise acquired a new stake in Roblox Corporation (NYSE:RBLX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,248 shares of the company's stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RBLX. FMR LLC boosted its stake in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares during the period. Durable Capital Partners LP acquired a new position in Roblox in the 4th quarter valued at $246,560,000. Ninety One UK Ltd acquired a new position in Roblox in the 1st quarter valued at $137,379,000. Whale Rock Capital Management LLC lifted its position 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 valued at $275,137,000 after acquiring an additional 2,326,588 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Roblox by 210.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after acquiring an additional 2,207,897 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBLX has been the topic of a number of recent analyst reports. Benchmark raised their price target on Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday. Piper Sandler increased their price objective on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Bank of America raised their target price on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and upped their price target for the stock from $81.00 to $130.00 in a report on Wednesday, July 23rd. Finally, Barclays increased their price target on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.59.

Roblox Price Performance

Roblox stock opened at $125.16 on Friday. The stock has a 50-day moving average price of $105.05 and a two-hundred day moving average price of $78.56. Roblox Corporation has a 12 month low of $35.30 and a 12 month high of $150.59. The company has a market capitalization of $84.89 billion, a PE ratio of -87.52 and a beta of 1.63. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 417.87%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company earned ($0.32) EPS. The business's quarterly revenue was up 50.5% compared to the same quarter last year. Analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the transaction, the chief executive officer owned 221,983 shares in the company, valued at approximately $16,024,952.77. The trade was a 86.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 6,651,690 shares of company stock valued at $593,440,562. Corporate insiders own 12.92% of the company's stock.

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.

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