Assenagon Asset Management S.A. Buys 595,895 Shares of Roblox Co. (NYSE:RBLX)

Assenagon Asset Management S.A. lifted its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 1,294.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641,913 shares of the company's stock after buying an additional 595,895 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Roblox worth $37,417,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RBLX. Gordian Capital Singapore Pte Ltd boosted its position in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Roblox in the first quarter worth about $39,000. Colonial Trust Co SC purchased a new position in Roblox in the fourth quarter worth about $41,000. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the period. Finally, Rakuten Securities Inc. raised its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBLX has been the topic of several recent analyst reports. Macquarie lifted their target price on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Piper Sandler reaffirmed an "overweight" rating and issued a $105.00 price objective (up previously from $85.00) on shares of Roblox in a research note on Thursday, June 5th. FBN Securities began coverage on Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price for the company. Barclays lifted their target price on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Citigroup reiterated an "overweight" rating on shares of Roblox in a report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and an average target price of $76.09.

Roblox Stock Up 3.4%

NYSE RBLX traded up $3.26 on Monday, reaching $100.43. 9,312,259 shares of the stock traded hands, compared to its average volume of 7,936,516. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a fifty day moving average price of $75.95 and a 200-day moving average price of $66.40. The company has a market cap of $68.12 billion, a price-to-earnings ratio of -69.26 and a beta of 1.56. Roblox Co. has a 12 month low of $34.41 and a 12 month high of $100.76.

Roblox (NYSE:RBLX - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates 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 was up 30.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.43) EPS. As a group, research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 21,200 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $61.37, for a total value of $1,301,044.00. Following the completion of the transaction, the director now directly owns 6,589,757 shares of the company's stock, valued at approximately $404,413,387.09. The trade was a 0.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total value of $347,940.00. Following the completion of the transaction, the insider now directly owns 364,244 shares of the company's stock, valued at approximately $21,122,509.56. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,253,072 shares of company stock valued at $436,291,786 in the last ninety days. Corporate insiders own 12.92% of the company's stock.

Roblox 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.