Worldquant Millennium Advisors LLC Purchases 408,916 Shares of Roblox Co. (NYSE:RBLX)

Worldquant Millennium Advisors LLC raised its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 32.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,669,966 shares of the company's stock after acquiring an additional 408,916 shares during the quarter. Worldquant Millennium Advisors LLC owned about 0.27% of Roblox worth $96,624,000 as of its most recent SEC filing.

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

Roblox Price Performance

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

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. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned ($0.43) earnings per share. The company's revenue for the quarter was up 30.6% on a year-over-year basis. Equities research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $79.94, for a total transaction of $479,640.00. Following the sale, the insider now owns 346,244 shares in the company, valued at approximately $27,678,745.36. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Manuel Bronstein sold 68,722 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $80.00, for a total value of $5,497,760.00. Following the completion of the transaction, the insider now owns 582,454 shares in the company, valued at $46,596,320. This trade represents a 10.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,432,954 shares of company stock worth $167,209,673. Company insiders own 22.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Citigroup raised their price objective on shares of Roblox from $78.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. Roth Mkm raised their price target on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC restated a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and a consensus price target of $68.68.

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.

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