Oak Thistle LLC Has $3.29 Million Stock Holdings in Roblox Corporation $RBLX

Key Points

• Oak Thistle LLC boosted its stake in Roblox by 184.1% in Q4 to 40,590 shares worth about $3.29 million, making RBLX roughly 0.5% of its portfolio and its 22nd largest holding.
• Roblox reported Q4 EPS of -$0.45 (beating -$0.49) but missed revenue expectations with $1.42B vs. $2.08B consensus; revenue was up 122.6% YoY while the company remains unprofitable (negative net margin and ROE) and carries a market cap of about $38.1B, with analysts holding a consensus "Moderate Buy" and a $116.76 target amid recent price‑target cuts.
• Company insiders have been sizable sellers recently — 527,018 shares (~$37.15M) sold in the last 90 days — though insiders still own about 12.92% of the stock.

Oak Thistle LLC increased its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 184.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,590 shares of the company's stock after buying an additional 26,303 shares during the period. Roblox comprises approximately 0.5% of Oak Thistle LLC's portfolio, making the stock its 22nd largest position. Oak Thistle LLC's holdings in Roblox were worth $3,289,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in shares of Roblox by 2.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company's stock worth $597,000 after purchasing an additional 231 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Roblox by 70.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company's stock worth $1,368,000 after purchasing an additional 5,363 shares during the period. Beacon Pointe Advisors LLC acquired a new position in shares of Roblox in the 2nd quarter worth approximately $281,000. CW Advisors LLC acquired a new position in shares of Roblox in the 2nd quarter worth approximately $272,000. Finally, Baird Financial Group Inc. lifted 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 purchasing an additional 102 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

NYSE RBLX opened at $57.58 on Wednesday. Roblox Corporation has a 1 year low of $50.28 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $38.09 billion, a price-to-earnings ratio of -37.15 and a beta of 1.67. The company has a fifty day moving average price of $62.49 and a 200-day moving average price of $88.31.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The business's revenue was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.33) EPS. As a group, equities research analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RBLX shares. Morgan Stanley dropped their price target on shares of Roblox from $155.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, February 6th. Freedom Capital upgraded shares of Roblox from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 6th. B. Riley Financial started coverage on shares of Roblox in a research report on Tuesday, December 9th. They issued a "buy" rating and a $125.00 price target on the stock. Citigroup dropped their price target on shares of Roblox from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Roblox from $100.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus target price of $116.76.

Insider Buying and Selling at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total transaction of $2,732,630.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the director directly owned 1,302,834 shares in the company, valued at approximately $75,499,230.30. This trade represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 527,018 shares of company stock valued at $37,145,491. Insiders own 12.92% of the company's stock.

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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