35,855 Shares in Roblox Corporation (NYSE:RBLX) Purchased by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,855 shares of the company's stock, valued at approximately $2,090,000.

Several other hedge funds have also recently bought and sold shares of RBLX. Vanguard Group Inc. lifted its holdings in shares of Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock valued at $3,080,449,000 after purchasing an additional 462,450 shares in the last quarter. FMR LLC grew its holdings in shares of Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC raised its position in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. Geode Capital Management LLC lifted its stake in Roblox by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock valued at $495,564,000 after acquiring an additional 246,610 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Roblox by 24.3% during the 4th quarter. Renaissance Technologies LLC now owns 7,570,959 shares of the company's stock worth $438,056,000 after acquiring an additional 1,478,421 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on RBLX shares. Piper Sandler reissued an "overweight" rating and issued a $105.00 price objective (up previously from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Oppenheimer reissued an "outperform" rating and set a $125.00 price target (up from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $95.00 target price (up previously from $82.00) on shares of Roblox in a research report on Friday, May 30th. Finally, Benchmark increased their price target on Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One 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 stock. According to MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average target price of $78.04.

Roblox Stock Performance

RBLX traded down $2.00 on Wednesday, reaching $102.78. The company had a trading volume of 6,598,135 shares, compared to its average volume of 7,975,273. The stock has a market cap of $69.71 billion, a P/E ratio of -76.70 and a beta of 1.56. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. Roblox Corporation has a fifty-two week low of $35.27 and a fifty-two week high of $105.30. The company's fifty day moving average is $82.30 and its 200 day moving average is $68.52.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The business's revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.43) earnings per share. As a group, analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $58.79, for a total transaction of $2,939,500.00. Following the transaction, the chief financial officer now owns 516,434 shares in the company, valued at $30,361,154.86. This represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony P. Lee sold 21,200 shares of Roblox stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the completion of the sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,423,995 shares of company stock worth $553,916,033 in the last ninety days. 12.92% of the stock is owned by company insiders.

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.