Thoma Capital Management LLC Makes New Investment in Roblox Co. (NYSE:RBLX)

Thoma Capital Management LLC bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,881 shares of the company's stock, valued at approximately $687,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares during the period. Wealthfront Advisers LLC boosted its position in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after purchasing an additional 4,406,885 shares during the period. Durable Capital Partners LP purchased a new stake in shares of Roblox in the 4th quarter worth about $246,560,000. Finally, Ieq Capital LLC increased its stake in shares of Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after acquiring an additional 3,507,901 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 50,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $84.64, for a total value of $4,232,000.00. Following the completion of the sale, the insider now owns 389,489 shares of the company's stock, valued at approximately $32,966,348.96. This represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total value of $347,940.00. Following the sale, the insider now directly owns 364,244 shares of the company's stock, valued at $21,122,509.56. This represents a 1.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,532,039 shares of company stock valued at $177,792,818. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Up 0.2%

NYSE RBLX traded up $0.16 during trading on Thursday, reaching $84.80. 4,663,655 shares of the company's stock were exchanged, compared to its average volume of 7,732,061. Roblox Co. has a fifty-two week low of $32.70 and a fifty-two week high of $85.98. The firm has a market capitalization of $53.42 billion, a PE ratio of -58.48 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company's fifty day simple moving average is $67.23 and its 200-day simple moving average is $62.64.

Roblox (NYSE:RBLX - Get Free Report) last posted its 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.43) EPS. Sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Analyst Ratings Changes

RBLX has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating on shares of Roblox in a research note on Friday, May 2nd. Barclays boosted their price target on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Macquarie boosted their price objective on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wedbush reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of Roblox in a research note on Thursday, April 24th. Finally, Roth Mkm increased their price target on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.

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.