Anchyra Partners LLC Invests $1.50 Million in Roblox Corporation $RBLX

Key Points

• Anchyra Partners LLC bought a new stake in Roblox in Q4, acquiring 18,456 shares valued at about $1.50 million according to the latest 13F filing.
• Company insiders sold a large amount of stock recently—551,996 shares worth roughly $38.4 million in the last quarter—though insiders still own about 12.92% of the company.
• Roblox reported quarterly revenue of $1.42 billion (up 122.6% YoY) and EPS of -$0.45 (beating estimates), but revenue missed analyst expectations; the stock trades around $56 with a market cap of about $37.45 billion and an average analyst target of $115.36 (Moderate Buy).

Anchyra Partners LLC bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,456 shares of the company's stock, valued at approximately $1,495,000.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company's stock worth $597,000 after purchasing an additional 231 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company's stock valued at $1,368,000 after buying an additional 5,363 shares in the last quarter. CW Advisors LLC purchased a new stake in shares of Roblox in the 2nd quarter worth about $272,000. Baird Financial Group Inc. grew its position in shares of Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company's stock worth $767,000 after buying an additional 102 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Roblox in the 2nd quarter worth about $438,000. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Performance

RBLX stock opened at $56.00 on Monday. The stock's 50 day simple moving average is $60.03 and its 200 day simple moving average is $81.55. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 12-month low of $51.23 and a 12-month high of $150.59. The stock has a market capitalization of $37.45 billion, a PE ratio of -36.13 and a beta of 1.67.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping analysts' consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the company earned ($0.33) EPS. The company's quarterly revenue was up 122.6% compared to the same quarter last year. As a group, research analysts forecast that Roblox Corporation will post -1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the company's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $57.95, for a total transaction of $965,794.70. Following the transaction, the director owned 1,302,834 shares in the company, valued at approximately $75,499,230.30. This represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 30,034 shares of the firm's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the sale, the insider directly owned 307,263 shares in the company, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 551,996 shares of company stock worth $38,421,146 in the last quarter. Insiders own 12.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RBLX. BMO Capital Markets reissued an "outperform" rating on shares of Roblox in a research report on Friday, February 6th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Roblox in a research note on Friday, March 27th. Wells Fargo & Company lowered their target price on shares of Roblox from $97.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Freedom Capital raised Roblox from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on Roblox from $100.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $115.36.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox's business model is built around its virtual economy and creator ecosystem.

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