Whale Rock Capital Management LLC Increases Stock Holdings in Roblox Co. (NYSE:RBLX)

Whale Rock Capital Management LLC boosted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,755,213 shares of the company's stock after acquiring an additional 2,326,588 shares during the period. Roblox accounts for about 3.3% of Whale Rock Capital Management LLC's portfolio, making the stock its 9th biggest position. Whale Rock Capital Management LLC owned about 0.78% of Roblox worth $275,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Smith Group Asset Management LLC boosted its holdings in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Roblox in the 4th quarter valued at $363,000. Silicon Valley Capital Partners boosted its holdings in shares of Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock valued at $3,998,000 after purchasing an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after purchasing an additional 1,971 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Roblox by 111.4% in the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock valued at $198,010,000 after purchasing an additional 1,681,263 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 16,432 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.39, for a total value of $1,008,760.48. Following the completion of the sale, the insider now directly owns 322,774 shares of the company's stock, valued at $19,815,095.86. The trade was a 4.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Arvind Chakravarthy sold 982 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, the insider now directly owns 204,261 shares of the company's stock, valued at $12,513,028.86. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,432,954 shares of company stock valued at $167,209,673. Corporate insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RBLX shares. Macquarie raised their target price on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Oppenheimer raised their price objective on Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Canaccord Genuity Group raised their price objective on Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, FBN Securities began coverage on Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and an average price target of $68.68.

Roblox Stock Performance

RBLX stock opened at $81.16 on Tuesday. The stock has a 50-day moving average price of $63.22 and a 200-day moving average price of $61.07. Roblox Co. has a 1-year low of $31.59 and a 1-year high of $82.02. 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 firm has a market cap of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46.

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, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted ($0.43) EPS. The business's quarterly revenue was up 30.6% on a year-over-year basis. As a group, equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Roblox Company 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.

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