Roblox Co. (NYSE:RBLX) Shares Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its stake in Roblox Co. (NYSE:RBLX - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,723 shares of the company's stock after buying an additional 3,825 shares during the quarter. Rafferty Asset Management LLC's holdings in Roblox were worth $1,720,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC bought a new stake in Roblox in the fourth quarter worth $41,000. Parkside Financial Bank & Trust lifted its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Roblox by 2,955.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company's stock worth $71,000 after purchasing an additional 1,182 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Up 0.6%

RBLX traded up $0.45 on Friday, hitting $82.26. The company had a trading volume of 4,575,730 shares, compared to its average volume of 7,719,476. The stock has a fifty day moving average price of $64.73 and a 200-day moving average price of $61.57. Roblox Co. has a 12-month low of $31.84 and a 12-month high of $83.04. 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 stock has a market capitalization of $51.82 billion, a price-to-earnings ratio of -56.73 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company's quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.43) earnings per share. Analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the subject of several research analyst reports. Barclays lifted their target price on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their target price on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Benchmark lifted their target price on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Canaccord Genuity Group lifted their target price on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.68.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 1,445 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $60.50, for a total value of $87,422.50. Following the completion of the sale, the chief executive officer now owns 122,853 shares of the company's stock, valued at approximately $7,432,606.50. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 4,090 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.30, for a total value of $250,717.00. Following the completion of the sale, the chief accounting officer now directly owns 71,493 shares of the company's stock, valued at approximately $4,382,520.90. This represents a 5.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,530,764 shares of company stock valued at $176,069,276. 22.15% of the stock is currently owned by corporate insiders.

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.