Roblox Co. (NYSE:RBLX) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC increased its stake in Roblox Co. (NYSE:RBLX - Free Report) by 161.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,555,844 shares of the company's stock after purchasing an additional 1,579,625 shares during the period. Roblox accounts for about 0.5% of Voloridge Investment Management LLC's portfolio, making the stock its 28th largest position. Voloridge Investment Management LLC owned about 0.42% of Roblox worth $147,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Colonial Trust Co SC purchased a new position in Roblox during the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust raised its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the last quarter. Rakuten Securities Inc. raised its position in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after buying an additional 633 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Roblox by 2,955.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company's stock worth $71,000 after buying an additional 1,182 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and set a $83.00 target price on shares of Roblox in a report on Thursday, April 24th. Morgan Stanley cut their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Benchmark lifted their target price on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.68.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 6,391 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 directly owns 73,931 shares of the company's stock, valued at approximately $5,963,274.46. This represents a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 1,375,002 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $72.19, for a total value of $99,261,394.38. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $16,024,952.77. The trade was a 86.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,530,764 shares of company stock worth $176,069,276. Company insiders own 12.92% of the company's stock.

Roblox Trading Up 0.6%

Shares of RBLX stock traded up $0.45 on Friday, hitting $82.26. 4,575,730 shares of the stock traded hands, compared to its average volume of 7,732,641. The firm's 50-day moving average price is $65.26 and its two-hundred day moving average price is $61.84. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a market capitalization of $51.82 billion, a PE ratio of -56.73 and a beta of 1.46. Roblox Co. has a twelve month low of $32.30 and a twelve month high of $83.04.

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