Rhumbline Advisers Buys 12,900 Shares of Roblox Co. (NYSE:RBLX)

Rhumbline Advisers increased its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 761,475 shares of the company's stock after buying an additional 12,900 shares during the quarter. Rhumbline Advisers owned 0.12% of Roblox worth $44,386,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC bought a new stake in Roblox during the fourth quarter worth $363,000. Silicon Valley Capital Partners grew its holdings in Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after buying an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after buying an additional 1,971 shares in the last quarter. Amundi grew its holdings in Roblox by 111.4% during the fourth quarter. Amundi now owns 3,191,137 shares of the company's stock worth $198,010,000 after buying an additional 1,681,263 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Roblox by 101.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company's stock worth $40,762,000 after buying an additional 355,270 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Insider Activity at Roblox

In other Roblox news, insider Manuel Bronstein sold 26,798 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $90.20, for a total value of $2,417,179.60. Following the completion of the sale, the insider now owns 468,486 shares of the company's stock, valued at $42,257,437.20. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Carvalho sold 12,985 shares of Roblox stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $89.25, for a total transaction of $1,158,911.25. Following the transaction, the director now directly owns 986,913 shares in the company, valued at $88,081,985.25. This trade represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,354,101 shares of company stock valued at $256,430,887 over the last 90 days. 12.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RBLX shares. The Goldman Sachs Group raised their target price on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Citigroup reaffirmed a "buy" rating and set a $100.00 target price (up from $85.00) on shares of Roblox in a research report on Thursday, May 29th. Bank of America raised their target price on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday. Wedbush reaffirmed an "outperform" rating and set a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. Finally, Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox currently has an average rating of "Moderate Buy" and an average price target of $74.91.

Roblox Price Performance

Shares of NYSE:RBLX traded up $3.03 on Thursday, hitting $94.10. The company's stock had a trading volume of 14,581,546 shares, compared to its average volume of 7,799,638. The company has a 50-day simple moving average of $69.56 and a 200 day simple moving average of $63.65. Roblox Co. has a 1 year low of $34.41 and a 1 year high of $94.27. The company has a market capitalization of $63.82 billion, a PE ratio of -64.89 and a beta of 1.56. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

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

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.