Woodline Partners LP Purchases 145,607 Shares of Roblox Co. (NYSE:RBLX)

Woodline Partners LP increased its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 28.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 666,300 shares of the company's stock after acquiring an additional 145,607 shares during the period. Woodline Partners LP owned about 0.11% of Roblox worth $38,552,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of RBLX. Smith Group Asset Management LLC raised 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 during the period. Chicago Partners Investment Group LLC acquired a new position in Roblox during the fourth quarter worth approximately $363,000. Silicon Valley Capital Partners raised its stake in Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock valued at $3,998,000 after buying an additional 66,882 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after buying an additional 1,971 shares during the last quarter. Finally, Amundi boosted its stake in shares of Roblox by 111.4% during the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock worth $198,010,000 after acquiring an additional 1,681,263 shares during the period. Institutional investors own 94.46% of the company's stock.

Roblox Trading Up 0.6%

Shares of NYSE RBLX traded up $0.45 during midday trading on Monday, reaching $82.26. The stock had a trading volume of 4,575,730 shares, compared to its average volume of 7,732,641. The company's 50 day moving average price is $65.26 and its 200 day moving average price is $61.90. 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 Co. has a twelve month low of $32.30 and a twelve month high of $83.04. The firm has a market cap of $51.82 billion, a price-to-earnings ratio of -56.73 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.14 billion. During the same period last year, the business posted ($0.43) EPS. The business's revenue was up 30.6% compared to the same quarter last year. As a group, sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RBLX shares. Wells Fargo & Company increased their price target on Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Canaccord Genuity Group increased their price objective on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Piper Sandler reiterated an "overweight" rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Macquarie increased their price target on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $68.68.

Insider Activity at Roblox

In related news, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total value of $3,007,000.00. Following the completion of the sale, the chief financial officer now owns 395,465 shares of the company's stock, valued at approximately $23,783,265.10. This trade represents a 11.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 14,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $82.45, for a total transaction of $1,154,300.00. Following the completion of the transaction, the director now directly owns 293,728 shares in the company, valued at $24,217,873.60. This trade represents a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,461,953 shares of company stock worth $171,862,106 in the last quarter. Company insiders own 12.92% of the company's stock.

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.