Roblox Corporation $RBLX Shares Acquired by Moore Capital Management LP

Key Points

• Moore Capital Management LP increased its Roblox stake by 67.7% in Q3 to 507,761 shares (adding 204,950), and other large institutions — including Norges Bank and Vanguard — also built substantial positions, leaving 94.46% of the stock owned by institutional investors.
• Roblox reported a quarterly loss per share of $0.45 that beat estimates (expected $0.49 loss), but revenue of $1.42B missed expectations of $2.08B; revenue was up 122.6% year‑over‑year while the company remains unprofitable with negative margins.
• Wall Street sentiment is a Moderate Buy with a consensus price target of $117.35, even as analysts’ individual targets and ratings remain mixed and the stock trades well below its 12‑month high (current market cap ~ $39.1B).

Moore Capital Management LP boosted its position in Roblox Corporation (NYSE:RBLX - Free Report) by 67.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 507,761 shares of the company's stock after purchasing an additional 204,950 shares during the quarter. Roblox comprises 1.0% of Moore Capital Management LP's holdings, making the stock its 14th biggest position. Moore Capital Management LP owned approximately 0.08% of Roblox worth $70,335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Roblox in the second quarter valued at approximately $350,720,000. Vanguard Group Inc. boosted its position in shares of Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company's stock worth $8,648,911,000 after buying an additional 3,284,073 shares during the period. Federated Hermes Inc. boosted its position in shares of Roblox by 103.0% during the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company's stock worth $341,410,000 after buying an additional 1,646,871 shares during the period. 1832 Asset Management L.P. grew its holdings in Roblox by 359.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company's stock worth $191,295,000 after buying an additional 1,422,894 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in Roblox in the 2nd quarter worth approximately $120,041,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several recent analyst reports. Roth Mkm raised Roblox from a "neutral" rating to a "buy" rating and lifted their target price for the company from $78.00 to $84.00 in a research note on Monday, February 9th. Oppenheimer decreased their price target on Roblox from $150.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, February 6th. UBS Group set a $74.00 price target on Roblox in a report on Friday, February 6th. Freedom Capital raised shares of Roblox from a "hold" rating to a "strong-buy" rating in a report on Friday, February 6th. Finally, Needham & Company LLC decreased their target price on shares of Roblox from $159.00 to $105.00 and set a "buy" rating for the company 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, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.35.

Roblox Stock Performance

Shares of RBLX opened at $59.12 on Tuesday. 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's 50 day moving average is $69.41 and its 200-day moving average is $96.78. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The stock has a market capitalization of $39.12 billion, a P/E ratio of -38.14 and a beta of 1.62.

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

Insider Activity

In other news, Director Anthony P. Lee sold 7,000 shares of the company's stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total value of $577,150.00. Following the transaction, the director owned 256,768 shares in the company, valued at $21,170,521.60. This represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 10,834 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the completion of the sale, the chief executive officer directly owned 800,539 shares of the company's stock, valued at $49,337,218.57. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 703,144 shares of company stock worth $51,681,640. Corporate insiders own 12.92% of the company's stock.

Roblox Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.