Thoma Capital Management LLC Buys Shares of 11,881 Roblox Co. (NYSE:RBLX)

Thoma Capital Management LLC acquired a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,881 shares of the company's stock, valued at approximately $687,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in Roblox by 38.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,507 shares of the company's stock worth $1,476,000 after buying an additional 7,103 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Roblox during the fourth quarter worth $202,000. KBC Group NV lifted its stake in Roblox by 15.0% in the 4th quarter. KBC Group NV now owns 74,332 shares of the company's stock valued at $4,300,000 after buying an additional 9,699 shares in the last quarter. R Squared Ltd purchased a new position in shares of Roblox in the fourth quarter valued at approximately $84,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Roblox by 0.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 807,075 shares of the company's stock worth $46,697,000 after purchasing an additional 2,587 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other Roblox news, Director Christopher Carvalho sold 12,986 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.57, for a total transaction of $825,520.02. Following the sale, the director now directly owns 982,412 shares in the company, valued at approximately $62,451,930.84. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the transaction, the chief financial officer now owns 395,465 shares of the company's stock, valued at $23,783,265.10. This represents a 11.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,532,039 shares of company stock worth $177,792,818 over the last ninety days. 12.92% of the stock is currently owned by company insiders.

Roblox Stock Performance

Roblox stock traded up $2.21 during mid-day trading on Friday, reaching $87.00. 14,082,697 shares of the company were exchanged, compared to its average volume of 7,764,300. The firm's 50-day simple moving average is $67.73 and its two-hundred day simple moving average is $63.00. Roblox Co. has a twelve month low of $33.88 and a twelve month high of $87.16. The firm has a market cap of $59.01 billion, a PE ratio of -60.00 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Citigroup reissued a "buy" rating and issued a $100.00 price target (up from $85.00) on shares of Roblox in a research note on Thursday. Needham & Company LLC reissued a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Finally, Benchmark lifted their price target on shares of Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. One equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $70.86.

About Roblox

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.