Roblox Co. (NYSE:RBLX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Roblox Co. (NYSE:RBLX - Free Report) by 10,945.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,551 shares of the company's stock after acquiring an additional 131,351 shares during the quarter. GAMMA Investing LLC's holdings in Roblox were worth $7,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Roblox by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after purchasing an additional 462,450 shares during the period. FMR LLC lifted its position in 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 during the period. Wealthfront Advisers LLC boosted its stake in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. Ieq Capital LLC grew its holdings in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after buying an additional 3,507,901 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Roblox by 3.0% during 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 during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO David Baszucki sold 34,099 shares of Roblox stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the sale, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $12,664,130.15. The trade was a 13.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 6,391 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total value of $515,498.06. Following the completion of the sale, the chief accounting officer now owns 73,931 shares in the company, valued at approximately $5,963,274.46. This represents a 7.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,227,124 shares of company stock valued at $432,474,423. 12.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of recent analyst reports. BMO Capital Markets restated an "outperform" rating and issued a $95.00 target price (up from $82.00) on shares of Roblox in a report on Friday, May 30th. Barclays boosted their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Piper Sandler reaffirmed an "overweight" rating and issued a $105.00 target price (up from $85.00) on shares of Roblox in a research report on Thursday, June 5th. The Goldman Sachs Group boosted their price target on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, Oppenheimer raised their price objective on Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $76.09.

Roblox Stock Performance

NYSE:RBLX traded down $1.21 during trading hours on Thursday, reaching $94.96. 8,669,600 shares of the stock were exchanged, compared to its average volume of 7,897,797. The stock has a market capitalization of $64.41 billion, a P/E ratio of -65.49 and a beta of 1.56. The firm has a 50 day simple moving average of $73.18 and a 200-day simple moving average of $65.16. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 52 week low of $34.41 and a 52 week high of $98.11.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period last year, the business posted ($0.43) earnings per share. As a group, sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share 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.